Sentiment: Negative
Buy Bitcoin, Ethereum and Crypto Currencies/Coins from:
|
Binance |
|
Coinbase |
|
KUCOIN |
|
AscendEX (Formally BitMax) |
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
By Gino Matos at 2026-11-07 11:17
Sentiment: Negative
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disney and Red Bull Racing. The consumer-focused Ethereum layer-2 (L2) cited stagnant growth, thin liquidity, restricted DeFi activity, and limited institutional crossover. Igloo CEO Luca Netz said the company had lost “tens of millions of […] The post Why Abstract is killing its Ethereum L2 instead of launching a token to save it appeared first on CryptoSlate. Continue reading...
Categories: DeFi
Tags: #DeFi #Featured #Layer-2 #Outage #Abstract #ethereum #L2
Source CryptoSlate