Blast is an Ethereum Layer 2 network whose original design combined optimistic-rollup scaling with automatic yield features. Its shutdown is scheduled for October 2026, so the key current distinction is between withdrawing through Blast’s normal interface before October 26 and using the Ethereum bridge contracts afterward.
| Stat | Value |
|---|---|
| Ticker | BLAST |
| Price | $0.00 |
| Market Cap | $30.95M |
| 24h Change | +1.3% |
| Circulating Supply | 59.58B BLAST |
| Max Supply | 100.00B BLAST |
| All-Time High | $0.03 |
| Contract (Blast) | 0xb1a5...e2ad |
What Blast Was
Blast was an Ethereum Layer 2 network built around an optimistic-rollup design and EVM compatibility. It became known for automatically passing through yield on bridged ETH and for USDB, a stablecoin whose yield was tied to Maker’s DAI Savings Rate. These were protocol design choices, not risk-free returns: users still faced bridge, smart-contract, liquidity, and underlying-provider risks.
How the Yield Model Worked
Blast described two yield paths. ETH bridged to the network could receive staking yield routed through liquid-staking infrastructure, initially Lido. USDB was described as earning yield through Maker’s savings mechanism. Wallet balances could rebase so that the displayed token amount changed as yield accrued. The actual result depended on the underlying strategies and network operation; a quoted yield was not a guarantee.
BLAST Tokenomics
Blast’s original tokenomics document set an initial supply of 100 billion BLAST. It allocated 50% to the community, 25.48% to core contributors, 16.52% to investors, and 8% to the Blast Foundation. The document described three-year linear distribution for the community allocation and four-year vesting schedules for the other allocations, with initial unlocks after one year for investors and contributors. Those figures describe the announced schedule, not a current circulating-supply reading.
Shutdown and Withdrawals
On October 2, 2026, Blast’s official account announced that it would wind the Layer 2 down because the cost of operating the chain exceeded the revenue it generated. The notice said users could withdraw through the regular Blast interface until October 26, 2026. It also said assets would remain withdrawable afterward, but users would need to interact directly with Blast’s bridge contracts on Ethereum L1; the announcement promised separate instructions. This change concerns the network’s service and withdrawal route, so older descriptions of Blast as a normally operating yield-focused L2 are no longer current.
What to Keep in Mind
Blast’s shutdown announcement does not itself say that assets disappear on October 26; it distinguishes the normal interface deadline from later contract-based withdrawals. Users should rely on the project’s official instructions and verify contract addresses independently, since impersonation attempts are a stated risk. BLAST’s token allocation and secondary-market trading are separate questions from whether the Layer 2 continues to operate.
Related Terms
See Also
- Are Layer 2 Networks Actually Decentralized?
- Does Ethereum TPS Include Layer 2 Transactions?
- How Do Crypto Bridges Work—and Why Are They a Hack Target?
- Swap crypto with ChangeNOW
Sources
- Blast’s October 2, 2026 shutdown announcement on X (archived thread) — The official Blast account said the network would wind down, set October 26 as the normal-interface withdrawal cutoff, and said later withdrawals would use the Ethereum L1 bridge contracts.
- CoinDesk’s report on Blast’s shutdown — Independent reporting on the stated operating-cost rationale, network closure, and withdrawal instructions.
- Blast Foundation Q2 2024 update and tokenomics — The original 100-billion-token allocation and vesting schedule.
- Blast’s description of its original network design — Its earlier explanation of ETH and USDB yield mechanics and the project’s stated design.