Select what genuinely interests you. Your picks feed directly into our editorial planning. Blast is shutting down. The Ethereum Layer 2 that promised "native yield" on ETH and stablecoins announced on X that it will wind down the chain, asking every user to pull their assets back to Ethereum mainnet. The reason is blunt: running Blast costs more than the L2 earns, and the team sees no credible path to fixing that. Here is what happened, what you need to do, and why the Blast shutdown says a lot about the state of the Layer 2 market.