BLAST L2 SHUTS DOWN, OPENS 12-MONTH ASSET RECOVERY WINDOW

Summary from the TLDR Crypto newsletter

Blast L2, launched in early 2024 with native yield on deposited ETH and stablecoins and peak TVL in the billions, has shut down. Users with assets in L2 wallets, pending withdrawals, or Blast Mobile can recover ETH and USD via the team's recovery site through November 4, 2027. Unclaimed funds after that date may be unrecoverable. The closure ends one of 2024's prominent yield-bearing L2 experiments, where protocol-level auto-yield on deposits served as the primary TVL acquisition mechanism rather than external incentive programs.