CryptoDecryptabout 1 hour ago
Pudgy Penguins Layer-2 Network Shuts Down
2 min read
Igloo Inc. shuts down its Ethereum layer-2 network Abstract on Dec. 15 due to limited DeFi ecosystem and thin liquidity. Users must bridge assets before the deadline or funds become inaccessible. The chain processed over 325 million transactions and generated more than $40 million in ecosystem revenue before closing.
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