According to PANews, Ethereum Layer2 network Blast has announced on the X platform that it has halved its withdrawal time from 14 days to 7 days. Previously, the network required a longer withdrawal period to provide a buffer for Lido withdrawals, but this extended wait is no longer necessary. The announcement was made through the new X account @blast, which has replaced the former @blast_l2 account. The previous account had announced the existence of the new account in its profile.

In related posts, the team stated that Blast core contributors have been monitoring withdrawal activities over the past four months and concluded that a smaller buffer is sufficient to handle almost all withdrawal activities. They cautioned that some withdrawals might still take more than seven days, although this would occur only in rare cases. Meanwhile, deposits from Ethereum to Blast continue to be processed within minutes.

Some critics of Blast have noted the change in the protocol's name on X. Former Aave contributor and X user Jim speculated that this indicates Blast will no longer be an Ethereum Layer2. He suggested that the name change from @Blast_L2 to @blast and the new designation as a 'full-stack chain' signifies Blast's transition from an Ethereum rollup to an independent chain. Both Blast X accounts now provide a link to a June 26 'vision' statement, which claims that Blast aims to become a 'full-stack chain' in the future.