CRYPTO

Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%

CoinDeskFriday, October 2, 2026 at 5:15 PM

RedScroll Brief

Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% — Image via CoinDesk

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.

RedScroll Signal

Impact: High
Category: Crypto
Market relevance: High
Why it matters: Crypto moves are a live stress test of liquidity, regulation, and narrative risk. 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. Watch liquidity and volatility around Ethereum and Once — crypto markets reprice narrative risk quickly.

Read original source → COINDESK Edition 2026-10-02

Desk copy

RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

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.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

Fri, Oct 2, 2026, 5:15 PM UTC
CoinDesk published: Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
Now
Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Ethereum and Once — crypto markets reprice narrative risk quickly.

Source

CoinDesk

Original reporting by CoinDesk. RedScroll provides an extractive briefing only.