DeFi· ★★★· bearish·

Ethereum L2 network Abstract to shut down on December 15

  • —Abstract will halt operations on December 15; users must withdraw funds
  • —Closure blamed on weak DeFi, low liquidity and a small budget
  • —Abstract is the second L2 after Blast to announce a shutdown
Why it matters: Another consumer L2 winding down highlights consolidation in the sector and risks for users who fail to withdraw in time.
#ETH
Source: Bitcoin Sistemi
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