Blast closes its layer-2 network and launches recovery portal
Blast has shut down its Ethereum layer-2 network and created a site through which users can claim remaining ETH, WETH and USDB.
Blast has shut down its Ethereum layer-2 network and created a site through which users can claim remaining ETH, WETH and USDB. Ethereum (ETH) is trading at $2,423.26, up 0.2% since this brief published. This is an original TLT brief based on reporting by Cryptopolitan, with live market data added, as of Thu, 05 Nov 2026 06:45:02 UTC.
The shutdown ends activity on Blast while giving users a defined route to recover supported assets. The recovery window is scheduled to remain open until Nov. 4, 2027.
- Blast shut down its Ethereum layer-2 network on Nov. 4.
- A recovery site covers leftover ETH, WETH and USDB.
- Claims remain available until Nov. 4, 2027.
- ETH trades at $2,418.09, up 5.46% over 24 hours.
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- Blast closes its layer-2 network and launches recovery portal — this brief
Blast has closed its 
Ethereum layer-2 network, according to Cryptopolitan. The project subsequently opened a recovery website for users seeking to claim ETH, WETH or USDB left in the network.
The support page provides a 12-month recovery period, with claims scheduled to remain available until Nov. 4, 2027. Cryptopolitan is the only outlet supplied with coverage of the shutdown and the asset-recovery process.
The closure affects users who may still hold supported assets on Blast. Its recovery site offers a direct claim mechanism for the three listed tokens, although the supplied report does not provide additional eligibility details or information about the network’s broader financial position.
Ethereum was trading at $2,418.09, up 5.46% over 24 hours and 4.31% over seven days, with a market capitalization of $295.47 billion. The broader crypto market was broadly higher, with total capitalization at $2.75 trillion, 
Bitcoin up 3.32% over 24 hours, and the Fear & Greed index at 50, or Neutral. The recovery deadline and claim process are the key operational details for affected users to monitor.
Since this brief published about 10 hours ago, Ethereum (ETH) has moved from $2,418.09 to $2,423.26 — +0.21%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.35M (about $2,423.26), up 5.8% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Blast closes its layer-2 network and launches recovery porta — questions & answers
Which assets can users claim through Blast’s recovery site?
Users can claim leftover ETH, WETH and USDB through the recovery site, according to Cryptopolitan.
How long will Blast’s recovery site remain available?
The site is scheduled to accept claims until Nov. 4, 2027.
When did Blast shut down its layer-2 network?
Blast shut down its Ethereum layer-2 network on Nov. 4, according to Cryptopolitan.
How much is 1 Ethereum worth in naira today?
About ₦3.35M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,423.26. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.21% since this brief first published — trading at $2,423.26 now versus $2,418.09 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.