On November 4, Blast announced the shutdown of its Ethereum layer‑2 network and the launch of a recovery portal where users can retrieve any remaining assets. The site will remain active for a full year, with the final claim deadline set for November 4, 2027, according to a post on X by the Blast team.

ETH / USD
Source: CoinGecko. Prices are indicative.

Recovery process and supported assets

The recovery platform lets users search for addresses that previously held ETH, wrapped ETH (wETH) or the USDB stablecoin on Blast. Claims are settled directly from recovery smart contracts on the Ethereum mainnet, either in native ETH or USD. For Blast Mobile users, the process requires importing the app’s seed phrase into a wallet such as MetaMask or Rabby; the portal warns users to never enter seed phrases on a website.

Financial snapshot of the bridge

Data from DeFiLlama shows that the Blast bridge held approximately $6.51 million as of November 3, a steep decline from about $41.04 million recorded on October 26. The bridge value dropped to $6.59 million on October 31 after a brief spike to $36.63 million on October 30. These figures represent the total assets still locked in the bridge, not the amount already reclaimed by users.

Reasons for the wind‑down

Blast first signaled its intent to wind down on October 2, explaining that the cost of operating the chain outweighed the revenue it generated. The team removed assets from Lido, froze withdrawals, and later shortened the withdrawal delay to 24 hours, designating October 26 as the last day for standard withdrawals through the Blast interface. After that date, users could still withdraw via the bridge contracts on Ethereum.

What to watch next

The recovery period will reveal how much capital remains unclaimed and whether Blast’s approach to user refunds sets a precedent for future L2 closures. Observers will also monitor activity on competing Ethereum L2s—such as Arbitrum, Polygon PoS, and Base—as they continue to attract users after Blast’s exit.