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Blast Shuts Down Layer 2, Directs Users to Recovery Site

Blast Shuts Down Layer 2, Directs Users to Recovery Site
AI summary

Blast has shut down its Layer 2 network and is directing users to a recovery site to retrieve assets. DefiLlama data shows bridge assets at $6.51 million, roughly 84% below the level reported on Oct. 26. The wind-down of a once-prominent L2 removes liquidity and raises questions about user fund recovery, a negative signal for the broader L2 and DeFi landscape.

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