Blast said it has shut down its Ethereum Layer 2 and sent users with remaining funds to a recovery website. DefiLlama data shows bridge assets at $6.51 million, about 84% below the reading reported on Oct. 26.
Blast said on Nov. 4 that it shut down its Ethereum Layer 2 and directed users with remaining funds to a recovery website, where they can make claims on Ethereum mainnet. Remaining ETH or USD in Layer 2 wallets, pending withdrawals and Blast Mobile can all be recovered through the site.
Recovery site stays open for 12 months
Blast's shutdown notice gives Nov. 4, 2027 as the final support date, and the team wrote that the site will be active for 12 months. The team announced the wind-down on Oct. 2, saying operating costs exceeded Layer 2 revenue and it saw no credible path to economic sustainability.
Blast had set Oct. 26 as the deadline for withdrawals through its normal interface, with direct contract access continuing afterward.
How users claim funds
The recovery page lets users look up an address that held ETH, wrapped ETH (WETH) or USDB on Blast. Users can connect a wallet or check an address their wallet is authorized to claim, including owners of a Safe or other smart wallet. According to the site, unfinished withdrawals are included automatically, and claims are withdrawn directly from recovery contracts on Ethereum.
Blast Mobile users are instructed to import their seed phrase into a wallet such as MetaMask or Rabby, then connect that wallet to the recovery site. The resulting address will differ from their Blast Mobile address, which the site says is normal.
The page warns: "Only ever type your seed phrase into your wallet app, never into a website."
Bridge balance and Katana snapshot
DefiLlama's latest daily snapshot, dated Nov. 3 UTC, valued Blast's canonical bridge assets on Ethereum at $6.51 million. That is about 84% below the $40.41 million reading The Defiant reported on Oct. 26, according to The Defiant's calculation. The figure measures bridge asset value, not how much users have recovered.
Separately, DeFi-focused blockchain Katana said on Nov. 4 that it had taken a snapshot of all Blast user activity. In an Oct. 26 post, Katana promised additional boosts for wallets active on its network without saying what they entail or when they will arrive.
Source: The Defiant
Trading involves risk.
Risk Disclaimer
