Bitcoin & Crypto DEVELOPING
Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
First reported Source: The BlockLast editorial activity
What happened
Ethereum L2 (a network built on top of a blockchain to make transactions cheaper) Blast is winding down after costs outpaced revenue.
Sources & evidence
- The Block Reporting source
Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue โ
https://www.theblock.co/news/business/2026-10-02-blast-ethereum-layer-2-shutting-down-417583