Odaily Planet Daily News: Abstract announced that the network will gradually shut down and cease operations on December 15, 2026. Funds that have not been migrated by then will become inaccessible. Users can migrate their assets through the official migration center or the native bridge; the native bridge is expected to experience a delay of about three hours. Abstract said that a chain focused on consumer crypto is difficult to sustain as a standalone model, and that factors including a limited DeFi ecosystem and weak on-chain liquidity have stalled the network’s growth. Launched by the Pudgy Penguins team, Abstract is an Ethereum Layer 2 network that previously attracted more than 400,000 users and hosted over 144 applications. Abstract urged users to beware of fake migration websites.