Paradigm-backed Ethereum Layer-2 Blast to Shut Down as Costs Exceed Revenue
The network will cease operations by October 26 after its assets dropped 98% and operating costs surpassed revenue.
Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made
First reported by The Block, 21 min ahead of the next publisher · who breaks stories first
This story has stopped developing; this page is its permanent record. More from that day
The odds
Each tick is a source publishing on this story
Price data
| Time | Chance of yes |
|---|---|
| now | 8% |
| 8 Oct, 13:43 UTC | 8% |
| 7 Oct, 17:59 UTC | 9% |
| 7 Oct, 14:48 UTC | 9% |
| 7 Oct, 08:40 UTC | 8% |
| 6 Oct, 20:30 UTC | 9% |
| 5 Oct, 17:51 UTC | 9% |
| 2 Oct, 19:36 UTC | 9% |
| 2 Oct, 17:45 UTC | 9% |
| 1 Oct, 17:23 UTC | 9% |
Replay the odds, article by article
Step through each article in the order it published and watch 2,000 to 2,249.99 respond.
The story so far
4 publishers have covered this in 4 articles since 2 Oct 2026. The Block published first, on 2 October at 16:54 UTC; CoinDesk followed 21 min later. The most recent article, from Cointelegraph.com News, appeared on 2 October at 18:24 UTC.
Outlets reporting it: CoinDesk (major outlet), The Block, decrypt.co, Cointelegraph.com News.
2 prediction markets price this story:
- 2,000 to 2,249.99 — the market puts it at 8%, with $86 traded in the last 24 hours, closing 1 Jan 2027. The outcome is Yes if the average price of ETH/USD during the sixty seconds before midnight Eastern Time on January 1, 2027, falls between $2,000 and $2,249.99. The source of truth is strictly the CF Benchmarks ETHUSD_RTI data feed. Readers often mistake the resolution time for the date of the linked news story or confuse this specific price range with other market outcomes.
- Will the price of Ethereum be above $2,200 on October 8? — resolved “Yes” on 8 Oct 2026. The outcome depends on whether the closing price of Ethereum on Binance exceeds $2,200 at exactly noon Eastern Time on October 8. Readers often mistake the resolution time for midnight or assume prices from other exchanges count toward the result.
Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.
How it unfolded
Every source in the order it published, with the odds on 2,000 to 2,249.99 at that moment. A dash means the source published before we started tracking prices.
- The BlockParadigm-backed Layer 2 Blast to wind down network as costs exceed revenue9%
- CoinDeskOnce a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%9%
- decrypt.coOnce a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down9%
- Cointelegraph.com NewsBlast to wind down Ethereum L2 after costs outpace revenue9%
- Current odds8%
Sources
Every article we clustered into this story. Headlines link to the publisher.
- Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% CoinDesk ·
- Blast to wind down Ethereum L2 after costs outpace revenue Cointelegraph.com News
- Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down decrypt.co
- Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue The Block
Related prediction markets
Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right
- Kalshi 2,000 to 2,249.99 8%
Does the market have this right?
Wrong market?
- Resolved Will the price of Ethereum be above $2,200 on October 8? Yes 30d ago
The market favoured Yes at 100% a day out, and it won. How often it's right
Wrong market?
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In this story
- Blast
- Ethereum
- Paradigm
- Coinbase