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

Published Source: CoinDeskRead original

Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Blast's shutdown signals Layer-2 competition pressure, but ETH has broader ecosystem support.

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