Another One Bites the Dust: Pudgy Penguins’ Abstract Layer 2 to Shut Down

Igloo, the parent company of Pengu crypto, will shut down Abstract on Dec. 15, 2026, and users must move their assets before ...
CoinDesk

Pudgy Penguins’ Layer 2 Network, Abstract, Struggles to Attract Liquidity

Abstract has just $33 million in total value secured (TVS) days after the mainnet went live. The company's CEO said the network is not looking to onboard builders of the next DeFi application. PENGU ...

Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down

Abstract will shut down Dec. 15, saying a chain focused solely on consumer crypto proved unsustainable, and is urging users to bridge their assets off before then.
CoinDesk

Pudgy Penguins’ Abstract becomes second Ethereum layer 2 to shut in a week

Research HubBespoke research, primers, and quarterly updates trusted by allocators and protocol teams. Exchange BenchmarkThe institutional standard for evaluating exchange transparency, market ...
CryptoSlate

Why Abstract is killing its Ethereum L2 instead of launching a token to save it

Abstract joins a wave of rollup shutdowns and migrations as weak fee revenue turns infrastructure costs into an existential ...