Blast
Its bridge opened months before users could withdraw
An Ethereum layer-2 network built by Blur's founder with native yield on ETH and stablecoins.
- Announced backing
One announced seed round; excludes user deposits and assets locked on the network.
- Assets locked at shutdown notice
- Estimated
About $32M on 2 October 2026, per DeFiLlama as reported by CoinDesk; not company funding or a loss total.
- September 2026 network revenue
Network-usage revenue for September 2026, per DeFiLlama as reported by CoinDesk.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed | 20 November 2023 |
|
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Tieshun Roquerre | — | Not established | Oct 2026 |
Timeline
20 November 2023
Early access let users deposit ETH and stablecoins and earn Blast Points.
29 February 2024
13 March 2024
CoinDesk reported that blocks stopped at 14:05 UTC and Blast announced the network was back online at 15:09 UTC.
2 October 2026
The notice set an exit process for users; it did not report completed network termination.
26 October 2026
The team said withdrawals after this deadline would require direct interaction with bridge contracts on Ethereum. This deadline had not passed when researched.
How it ended
In the closure announcement quoted by CoinDesk, the Blast team said running the network cost more than it earned and it saw no credible path to sustainability.
Still alive
Open spot
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Sources
5 sources behind this page.
- 1Blast Blockchain Locks Up Amid Ethereum's Dencun Upgrade · CoinDesk · Mar 2024
- 2New Ethereum Layer 2 Blast Attracts $30M Hours After Bridge Goes Live · CoinDesk · Nov 2023
- 3Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% · CoinDesk · Oct 2026
- 4Ethereum Layer 2 Protocol Blast Secures $20M Investments from Paradigm · Coinspeaker · Nov 2023
- 5Blast TVL crosses $2B as it targets mainnet launch on Feb. 29 · Cointelegraph · Feb 2024
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.