Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse

Crypto Insight Summary: Blast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain. Blast Heads for the Exits Launched in early 2024, Blast hailed from the founder of NFT marketplace Blur, Tieshun “Pacman” Roquerre, and arrived with backing from prominent […] Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Layer 2 shutdown reduces ETH ecosystem confidence, but impact is limited by Blast's small scale.