pudgy penguins says it lost "8 figures" running its own ethereum L2. it still refused to launch a token to keep it alive.
abstract shuts down on dec 15. about $76M is still bridged to it, per DefiLlama data cited by CoinDesk.
that makes it the second ethereum L2 to quit in under a week. blast announced its wind-down on oct 2, and blast had a token.
if you still have funds on abstract, bridge out before dec 15 through the official migration hub or the native bridge (about a 3 hour delay). funds left after the deadline become inaccessible. abstract also warns about fake migration sites, so ignore links in DMs and replies.
my take: a token doesn't fix a chain nobody uses. pudgy chose not to pretend otherwise.
$ETH $OP
#Ethereum #Layer2
NFA. DYOR.
abstract shuts down on dec 15. about $76M is still bridged to it, per DefiLlama data cited by CoinDesk.
that makes it the second ethereum L2 to quit in under a week. blast announced its wind-down on oct 2, and blast had a token.
if you still have funds on abstract, bridge out before dec 15 through the official migration hub or the native bridge (about a 3 hour delay). funds left after the deadline become inaccessible. abstract also warns about fake migration sites, so ignore links in DMs and replies.
my take: a token doesn't fix a chain nobody uses. pudgy chose not to pretend otherwise.
$ETH $OP
#Ethereum #Layer2
NFA. DYOR.
