Blast, an Ethereum layer-2 solution, has cut its withdrawal times in half. The move comes after four months of monitoring. Withdrawals now take 7 days instead of 14.
The network announced this on their new @blast account. It's a big shift from their old strategy. They used to have longer withdrawal times for Lido withdrawals.
"Previously, bridging from Blast to Ethereum took 14 days," Blast tweeted. "This timeline was set in order to provide a buffer for Lido withdrawals, which Blast (currently) relies on for ETH yield."
The team found most withdrawals can be handled faster. But some rare cases might still take over a week.
Deposits from Ethereum to Blast are still quick. They typically take minutes.
Blast's rebranding has raised eyebrows. They've changed their handle from @blast_l2 to @blast. They're now calling themselves a "full stack chain".
This has got people talking. Jim, an ex-Aave contributor, reckons Blast might be moving away from being just an Ethereum layer-2.
Founder Tieshun Roquerre, aka "Pacman", chimed in. In a video, he said Blast might evolve beyond layer-2 if it's better for users.
Blast launched phase 1 of its token airdrop on June 26. The token price jumped 40% at first. But it's since dropped to $0.017, below its $0.02 launch price.
These changes show Blast is trying to adapt. They're juggling user needs with potential shifts in their blockchain role.