Blast to Shut Down L2 Network After 98% Drop in TVL

The Ethereum-based L2 network Blast is shutting down as the team acknowledged that the blockchain’s maintenance costs exceed its revenues, with no prospects for achieving self-sustainability.

Steven M. Crimmins

Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.