Ethereum Layer 2 Network Blast to Shut Down After Revenue Collapse
Blast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain. Blast Heads for the Exits Launched in early 2024, Blast hailed from the founder of NFT marketplace Blur, Tieshun “Pacman” Roquerre, and arrived with backing from prominent […]
Key Takeaways
- Blast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain.
- Blast Heads for the Exits Launched in early 2024, Blast hailed from the founder of NFT marketplace Blur, Tieshun “Pacman” Roquerre, and arrived with backing from prominent […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Meet the New Bitcoin Treasury Firm That Already Plans to Sell BTC
Most bitcoin treasury companies follow the buy-and-try-to-hold model pioneered by Strategy, the publicly traded giant with nearly $72 billion worth of BTC. But a new entrant to the space says it already plans to sell acquired assets in an effort to beat…
Blast to wind down Ethereum L2 after costs outpace revenue
Once among Ethereum’s largest layer-2 networks by total value locked, Blast is urging users to move their assets to mainnet ahead of the shutdown.
Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected
Roughly $88.5 million in closing-linked gross sources remains conditional, with expenses and spending choices deciding additional XRP demand. The post Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected…