Blast L2 Network Ceases Operations, Asset Recovery Portal Now Active
The Blast Layer 2 scaling network has officially been shut down, according to a recent announcement from the project team on social media. This move finalizes the operational phase of the network.
How to Recover Your Remaining Assets
If you hold assets in any of the following locations, immediate action is required:
- ETH or stablecoins within Blast L2 wallets
- Pending withdrawal requests
- Balances in the Blast mobile application
The project has launched a dedicated asset recovery portal (blast.io) for users to submit claims. This portal will serve as the sole official channel for asset recovery over the next 12 months.
Critical Deadlines and User Guidance
The asset recovery service operates under a strict timeline. Users should take note of these key dates:
- Final Support Date: November 4, 2027. After this date, the recovery portal will close, and unclaimed assets may become inaccessible.
- Service Window: The portal will remain operational for a full 12-month period.
It is strongly advised that users visit the official site promptly to verify their asset status and initiate the recovery process to avoid last-minute complications.
Context of the Shutdown and Asset Status
This shutdown follows a planned process. In early October, the team announced that due to operational costs consistently exceeding Layer 2 block revenue, the economic model was unsustainable, leading to the decision for a phased termination.
As part of this wind-down, the official user withdrawal interface was disabled on October 26. Prior data indicated that at the time the official bridge was closed, approximately $40.4 million worth of assets remained within the bridge contract. These assets must now be handled through the new recovery portal.
With the network offline, all transaction and contract functionalities have ceased. Users should not attempt any transfers or interactions via the former network.