🚨 Pudgy Penguins’ ( $PENGU ) Abstract Chain Is Shutting Down
Pudgy Penguins’ parent company, Igloo Inc., is shutting down its Ethereum Layer-2, Abstract, on December 15.
The chain struggled to scale beyond consumer crypto. The team cited limited DeFi activity, thin liquidity, low institutional interest, and a smaller budget as the reasons it became unsustainable to keep running.
Users have until December 15 to bridge their assets off the network. Anything left behind after that date will no longer be accessible.
Pudgy Penguins’ parent company, Igloo Inc., is shutting down its Ethereum Layer-2, Abstract, on December 15.
The chain struggled to scale beyond consumer crypto. The team cited limited DeFi activity, thin liquidity, low institutional interest, and a smaller budget as the reasons it became unsustainable to keep running.
Users have until December 15 to bridge their assets off the network. Anything left behind after that date will no longer be accessible.