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. Blast said it will shut down after concluding that its Ethereum layer-2 network no longer makes economic sense to operate. The closure points to consolidation among blockchains as security costs rise and platforms such as Coinbase and Robinhood build their own networks. Blast activity has dried up after its specul…
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