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

Ethereum layer-2 network Blast is shutting down after its assets plunged 98% from a peak of $2 billion. Activity faded, costs rose, and larger platforms like Coinbase and Robinhood built their own networks, accelerating the decline. The shutdown marks a significant contraction in the Ethereum scaling ecosystem.