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$BNB
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Igloo Inc. announced that it will shut down Abstract, an Ethereum Layer 2 network, on December 15, 2026, after it failed to achieve sufficient usage and growth. The company attributed the decision to stagnant activity, limited participation in decentralized finance (DeFi), weak liquidity, and high operating costs, noting that it had spent tens of millions of dollars supporting the network. The shutdown follows similar plans to close other Ethereum networks struggling to scale.
#SolanaETFsEnd14WeekInflowStreak #EtherETFsExtendOutflowsToNineDays #EthereumSurpasses2500USDT
$BNB
$SOL
Igloo Inc. announced that it will shut down Abstract, an Ethereum Layer 2 network, on December 15, 2026, after it failed to achieve sufficient usage and growth. The company attributed the decision to stagnant activity, limited participation in decentralized finance (DeFi), weak liquidity, and high operating costs, noting that it had spent tens of millions of dollars supporting the network. The shutdown follows similar plans to close other Ethereum networks struggling to scale.
#SolanaETFsEnd14WeekInflowStreak #EtherETFsExtendOutflowsToNineDays #EthereumSurpasses2500USDT