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Project Overview
Blast is an EVM-compatible, optimistic rollup that raises the baseline yield for users and developers without changing the experience cryptonatives expect. Blast is an Ethereum L2 with native yield for ETH and stablecoins. On Blast, users balance compounds automatically, and earns Blast rewards on top.
82 crypto projects have shut down in 2026, spanning DeFi, infrastructure, and Web3 gaming
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
AI Agent infrastructure layer Orthogonal completes $4.3 million seed round led by Pantera Capital
Odaily reports: AI Agent infrastructure layer project Orthogonal has announced the completion of a $4.3 million seed funding round, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, Batch Ventures (CTO Fund), and others.The project primarily builds infrastructure for AI Agents, enabling instant capability discovery, orchestration, and payments, allowing agents to dynamically obtain necessary tools and complete on-chain transactions without human intervention.
AI Agent infrastructure Orthogonal completes $4.3 million seed funding round, led by Pantera Capital
: AI Agent infrastructure project Orthogonal announced the completion of a $4.3 million seed funding round, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast, Outbound, Surreal, and other institutions.Orthogonal positions itself as the underlying internet discovery, orchestration, and payment infrastructure for AI agents. The platform provides AI Agents with a full suite of capabilities including service discovery, cross-tool automated task orchestration, and on-chain instant payments. It is reported that the funds raised in this round will be used for core platform iterative development, expanding the engineering and marketing teams, continuously growing the platform's developer base, and improving the interconnected AI Agent ecosystem. (Prnewswire)
Blast 提现界面已到截止期限，桥接合约内仍有约 4,000 万美元
据 The Defiant 报道，Blast 提现界面的截止期限已到，但桥接合约中仍有约 4,000 万美元未提取。Blast 已发布合约层面的退出指南，用户提现仍需提交证明并等待一天。USDB 持有者还需另外领取 DAI。 Blast 此前宣布，由于网络运营成本超过收入，将逐步关闭网络。
Blast announces it is shutting down; users must withdraw their assets to the Ethereum mainnet by October 26.
Users can complete withdrawals via the standard Blast interface before October 26. Afterward, assets can still be withdrawn, but require direct interaction with the Blast Bridge contract on Ethereum L1. The team will publish specific instructions before the deadline.
82 crypto projects have shut down in 2026, spanning DeFi, infrastructure, and Web3 gaming
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
Wasabi Protocol Updates on Security Incident Response: Final User Compensation Plan Not Yet Confirmed
Wasabi Protocol released a security incident update, stating that the attacker exploited a Spring Boot Actuator configuration vulnerability in its AWS infrastructure to steal private keys controlling EVM smart contracts, and subsequently drained approximately $4.8 million in user funds and $900,000 from the protocol’s treasury—totaling roughly $5.7 million in losses. The attack chain originated from a public-facing analysis server whose Actuator heap dump was not properly password-protected, enabling the attacker to obtain credentials for another server and ultimately gain control of the smart contract private keys. This incident affected only EVM deployments—including certain treasuries on Ethereum, Base, Blast, and Berachain—while Solana deployments and the Prop AMM remained unaffected. No final user compensation plan has been announced yet; however, “ensuring all affected users are compensated” remains the team’s top priority. Updates on the investigation will be shared with the community via Discord.
Blast 提现界面已到截止期限，桥接合约内仍有约 4,000 万美元
据 The Defiant 报道，Blast 提现界面的截止期限已到，但桥接合约中仍有约 4,000 万美元未提取。Blast 已发布合约层面的退出指南，用户提现仍需提交证明并等待一天。USDB 持有者还需另外领取 DAI。 Blast 此前宣布，由于网络运营成本超过收入，将逐步关闭网络。
Blast announces it is shutting down; users must withdraw their assets to the Ethereum mainnet by October 26.
Users can complete withdrawals via the standard Blast interface before October 26. Afterward, assets can still be withdrawn, but require direct interaction with the Blast Bridge contract on Ethereum L1. The team will publish specific instructions before the deadline.
Kelp to Discontinue rsETH Cross-Chain Support on 20 Networks
: Kelp posted on X platform, stating that to ensure the security standards of rsETH and optimize network integration, it will discontinue rsETH cross-chain support for multiple networks after June 15. The affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement.Kelp reminds users holding rsETH on the aforementioned chains to bridge it back to the Ethereum mainnet before June 15. After the deadline, asset recovery can still be requested, but a fee of 100 USDC will be charged per address. Specific procedures will be announced closer to the deadline.
Wasabi Protocol Updates on Security Incident Response: Final User Compensation Plan Not Yet Confirmed
Wasabi Protocol released a security incident update, stating that the attacker exploited a Spring Boot Actuator configuration vulnerability in its AWS infrastructure to steal private keys controlling EVM smart contracts, and subsequently drained approximately $4.8 million in user funds and $900,000 from the protocol’s treasury—totaling roughly $5.7 million in losses. The attack chain originated from a public-facing analysis server whose Actuator heap dump was not properly password-protected, enabling the attacker to obtain credentials for another server and ultimately gain control of the smart contract private keys. This incident affected only EVM deployments—including certain treasuries on Ethereum, Base, Blast, and Berachain—while Solana deployments and the Prop AMM remained unaffected. No final user compensation plan has been announced yet; however, “ensuring all affected users are compensated” remains the team’s top priority. Updates on the investigation will be shared with the community via Discord.
Related news
Blast 提现界面已到截止期限，桥接合约内仍有约 4,000 万美元
据 The Defiant 报道，Blast 提现界面的截止期限已到，但桥接合约中仍有约 4,000 万美元未提取。Blast 已发布合约层面的退出指南，用户提现仍需提交证明并等待一天。USDB 持有者还需另外领取 DAI。 Blast 此前宣布，由于网络运营成本超过收入，将逐步关闭网络。
82 crypto projects have shut down in 2026, spanning DeFi, infrastructure, and Web3 gaming
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
Upbit to Delist Blast (BLAST)
According to the official announcement, Upbit will delist BLAST spot trading at 12:00 local time on October 26.
Blast Network Shuts Down, Coinbase to Suspend BLAST Trading on October 20
Ethereum Layer-2 network Blast has announced its shutdown due to operating costs exceeding revenue, and initiated liquidation on October 2. Coinbase will suspend BLAST trading on October 20, and users must withdraw their assets by October 26; after that, they will need to use the Blast bridge contract on Ethereum. Platforms including BTSE, Bitvavo, and Bybit have also announced the delisting or suspension of BLAST. The BLAST token has dropped approximately 99% from its peak and is currently trading at around $0.00024; Blast's TVL has fallen from a peak of $2 billion in June 2024 to approximately $24 million to $32 million.
Blast Announces Shutdown of Ethereum Layer 2 Due to High Operating Costs
Blast has announced it will cease operations due to liquidity incentive costs far exceeding gas fee revenues, and has instructed users to withdraw their funds by October 9.
Blast Announces Shutdown Due to High Operating Costs
Ethereum Layer 2 network Blast has announced its shutdown due to an inability to cover operating costs, with its total value locked plummeting from a peak of $2 billion to $32 million, while the BLAST token has seen a cumulative decline of 98%.