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 […]
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