Blast announced it is shutting down its network, stating that "current network maintenance costs exceed revenue." Users can withdraw assets through the standard interface until October 26.

Launch of L2 by Blur founder Pacman

In 2023–2024, Blast was one of the most prominent L2 projects, launched by Pacman, the founder of Blur. Even before the mainnet launch, users deposited over $2 billion in TVL into Blast in pursuit of points and a future airdrop.

$20 million raised from Paradigm and other investors

The project previously raised $20 million from Paradigm, Standard Crypto, eGirl Capital, Primitive Ventures, and other investors.

Exposure through Abstract Holdings

Exposure to Blast was also present in the portfolio of current Fed Chair Kevin Warsh—through Abstract Holdings.