{
  "id": 11485972,
  "title": "Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%",
  "url": "https://urgent.news/2026/10/02/once-a-2-billion-ethereum-layer-2-blast-is-shutting-down-after-assets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T17:15:35.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/tech/2026/10/02/once-a-usd2-billion-ethereum-layer-2-blast-is-shutting-down-after-assets-plunge-98"
  },
  "original_language": "en",
  "account": null,
  "summary": "Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Block",
        "title": "Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue",
        "url": "https://urgent.news/2026/10/02/paradigm-backed-layer-2-blast-to-wind-down-network-as-costs-exceed",
        "published": "2026-10-02T16:54:29.000Z"
      },
      {
        "outlet": "Decrypt",
        "title": "Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down",
        "url": "https://urgent.news/2026/10/02/once-a-2-3-billion-network-ethereum-layer-2-blast-is-shutting-down",
        "published": "2026-10-02T17:47:06.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Blast to wind down Ethereum L2 after costs outpace revenue",
        "url": "https://urgent.news/2026/10/02/blast-to-wind-down-ethereum-l2-after-costs-outpace-revenue",
        "published": "2026-10-02T18:24:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}