Binance Wallet to Drop Support for Ethereum Layer 2 Blast

TL;DR:

• Binance Wallet will suspend support for the Blast network on November 30, 2026, at 10:00 (UTC).
• The measure follows the shutdown announced by the Blast team in October 2026 after recording a drop of over 98% in its total value locked (TVL).
• Users will retain the ability to claim their funds through the official Blast recovery portal as long as the service remains active.

On November 30, at 10:00 (UTC), Binance Wallet will officially end technical support for the Ethereum Layer 2 network, Blast. The exchange reported that after this deadline, users will no longer be able to view, send, or receive assets linked to the chain within the wallet interface.

The company’s operational decision comes as a direct result of the wind-down process initiated by the Blast network itself during October. According to Binance’s official announcement, this restriction only affects the management and display of balances within its app and web platforms, without compromising compatibility with the rest of the blockchain networks supported in the ecosystem.

The company recommended that asset holders on this network complete any pending transfers or actions before the established deadline. Additionally, the statement warns that after the chain is deactivated, balances displayed within the app may not reflect accurate figures.

Background of the Blast Network Shutdown

The suspension of support on custodial platforms occurs just over two years after Blast’s official launch in February 2024. On October 2, 2026, the protocol’s development team announced on X the orderly shutdown of its infrastructure due to the financial unviability of sustaining its operations.

A market report reveals that the chain’s maintenance costs exceeded the revenue generated by network activity. Data from the platform DeFiLlama indicates that the protocol’s total value locked (TVL) fell by more than 98% from its all-time high of $2.2 billion recorded in June 2024, sitting near $32 million at the time the shutdown was announced.

An industry source further detailed that the network’s monthly revenue dropped to approximately $1,793 prior to the decision. Developed by Tieshun Roquerre and backed by a $20 million funding round led by Paradigm and Standard Crypto in November 2023, the chain operated under an optimistic rollup model with native yield through protocols like Lido and Maker.

During its liquidation schedule, the project set October 26, 2026, as the deadline to execute direct withdrawals to the Ethereum mainnet via its standard interface. Following that deadline, fund recovery became subject to direct interaction with the bridge contracts deployed on Ethereum’s base layer.

Recovery Mechanisms and Activity on Binance

Regarding funds that remain tied to the closed infrastructure, Binance’s support documentation states that users will be able to claim their assets directly through the official Blast Fund Recovery portal. This alternative will remain available as long as the project’s official interface continues operating to process such requests.

Meanwhile, the support update coincides with the resumption of derivatives listings on the exchange’s main platform following the pause recorded in late October 2026. According to the market report, the previous latest addition had occurred on October 29 with the Predict token.

Within this operational schedule, Binance Futures announced the launch of the HYPEUSDC and TRXUSDC perpetual contracts with a maximum leverage of up to 75x. Additionally, on November 12, 2026, USDT-denominated perpetual contracts corresponding to shares of Nu Holdings Ltd. (NUUSDT) and Freedom Holding Corp. (FRHCUSDT) entered the trading and settlement phase through the Binance RIE and Binance RCH divisions.

The next operational milestone on the platform’s calendar will take place on November 16, 2026, the date scheduled for the start of trading for Hyperliquid perpetual contracts at 08:30 (UTC) and TRON at 08:35 (UTC), preceding the final support cutoff for the Blast network set for the end of the month.