Another Ethereum L2 bites the dust. Abstract, backed by Pudgy Penguins, is shutting down December 15 after burning through tens of millions. It's a harsh reminder that hype and major IP backing aren't enough to survive the brutal L2 wars without sustainable unit economics. If you have any funds parked there, make sure to bridge them out before the deadline. We are likely to see more consolidation in the rollup space as venture funding tightens up. $ETH #Ethereum #Layer2 #PudgyPenguins