The Block (@TheBlockCo): NEW: Abstract, a consumer-focused Ethereum layer-2 network, said it will wind down operations and shut down the chain on Dec. 15, citing stagnant grow…
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- PENGU-20Negative
NEW: Abstract, a consumer-focused Ethereum layer-2 network, said it will wind down operations and shut down the chain on Dec. 15, citing stagnant growth, thin liquidity, a restricted DeFi ecosystem and limited institutional adoption. The project said users must bridge their assets off Abstract before the shutdown date or risk losing access to their funds.