Ethereum Ecosystem

Blast is winding down a little over two years after launch, saying the cost of maintaining the Ethereum layer-2 now exceeds the revenue it generates. The closure follows a 98% drop in assets from a June 2024 peak and underscores growing pressure on smaller blockchain networks.

Ethereum Institutional has secured support from across the Ethereum ecosystem, including commentary from Standard Chartered Bank and several prominent industry firms. Backers say the initiative could speed institutional adoption and reinforce Ethereum’s role in tokenized assets and financial infrastructure.