Blast network to shut down as Coinbase suspends BLAST token trading

Blast, the Ethereum Layer-2 network, is shutting down. Coinbase is pulling the plug on BLAST trading on October 20, 2026. The exchange says users must withdraw their assets before October 26, 2026. Blast announced on October 2, 2026, that it would wind down operations because the cost of running the network had climbed past the revenue it brought in. The wind-down timeline Blast users can keep withdrawing through the standard Blast interface until October 26, 2026. That deadline lines up with the one Coinbase gave its own customers. After that date, the easy route closes. Anyone still holding assets on the network will need to interact directly with Blast’s bridge contracts on Ethereum. There is also a short pause baked into the plan. Blast said withdrawals through the bridge will follow a brief hiatus meant to allow staked assets to be extracted. A token in freefall The BLAST token has fallen approximately 99% from its all-time high. Immediately after the shutdown announcement, the token dropped another 19-47%, depending on where and when you looked. It now trades around $0.00024. Beyond Coinbase, multiple platforms including BTSE, Bitvavo, and Bybit have announced delistings or t...