Blast
PrivateLast Round
Early Funding
Nov 20, 2023
Total Funding Raised
$20M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Blast operates in Crypto & Web3 and is based in the United Kingdom. Its latest recorded funding round was an Early Funding round in November 2023.
Blast is a cryptocurrency company that developed an Ethereum Layer 2 solution designed to provide native yield for ETH and stablecoins.
Sector
Crypto & Web3
Verticals
Blockchain Infrastructure, Layer 2 Solutions, DeFi, Staking Platforms, Stablecoins
Business Model
B2B2C
Customer Profile
Usage-Based SaaS
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Blast Comparables
Compare Blast with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Mantle | 83% | |
| ZKFair | 81% | |
| Base | 81% |
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Blast Funding Rounds
Historical fundraising activity
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Blast Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Manifold Trading | Early Funding |
| Standard Crypto | Early Funding |
| Paradigm | Early Funding |
| eGirl Capital | Early Funding |
| Mechanism Capital | Early Funding |
| Primitive Ventures | Early Funding |
Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 1, 2026
$1,793 in revenue from network usage in October 2026.
- Jun 1, 2024
Network usage revenue peaked at $3.5 million in June 2024.
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Recent news
Latest coverage and updates
- has_issues_withNov 6, 2026
Blast, a Layer 2 network, suffers repeated delays and technical failures that leave holders with nonfunctional assets before it announces a shutdown on Oct 2nd '26.
- has_issues_withOct 12, 2026
Developers cite operating costs exceeding revenue as the reason for shutting down Blast.
- identified_as_competitor_ofOct 4, 2026
According to CoinDesk, Blast is identified as a competitor of Robinhood Markets, Inc. as it shuts down amid rising costs and competition from larger players.
- has_issues_withOct 3, 2026
Blast announced on Oct 2nd '26 that it is winding down its Ethereum layer-2 network because declining activity made the chain uneconomic to operate.
- has_issues_withOct 3, 2026
Blast announced the shutdown of its Ethereum layer-2 network on Oct 2nd '26 because maintenance costs exceeded revenue, requiring users to migrate assets to Ethereum mainnet by Oct 26th '26.
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Blast Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Blast's valuation, stock price, and market status.
Is Blast a public or private company?
Blast is a private company.
What is the current stock price of Blast?
Blast is a private company, so its shares have no public market price. Caplight tracks Blast's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Blast worth (valuation)?
Valuation information for Blast is not publicly available.
Can I buy Blast stock?
Blast shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Blast's last funding round?
Blast's most recent funding round was Early Funding on November 20, 2023.
Who are the main investors in Blast?
Key investors in Blast include Paradigm.
Will Blast IPO soon?
No public IPO plans have been announced for Blast.
How can I track Blast secondary market activity?
Caplight tracks bids, offers, and trades in Blast's shares on secondary markets.