Blast's regular withdrawal interface deadline has expired, with $40.41 million in assets still pending withdrawal on the bridge.
1 days ago
Blast reached the deadline for its regular withdrawal interface today, yet approximately $40.41 million in assets remain in its official cross-chain bridge on Ethereum mainnet. The amount is down roughly 36% from around $63.5 million recorded on October 2. On October 2, Blast announced the phased shutdown of its Layer 2 network, citing operating costs exceeding revenue and a lack of a credible path to economic sustainability. The project previously noted that users could still withdraw assets after October 26, but would need to interact directly with the bridge contract on Ethereum instead of relying on the regular website interface. At press time, Blast’s official website still displayed the withdrawal entry and a notice of the network’s phased shutdown. The platform has released contract-level withdrawal guides for ETH, USDB, and BLAST. The withdrawal process involves initiating a withdrawal on the Blast network, waiting for the transaction’s state record to be submitted to Ethereum, submitting a withdrawal proof via the OptimismPortal contract, completing a one-day challenge period, and executing the final confirmation transaction.
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