Abstract shutdown gives 144 apps two months to find a new chain

Abstract, the consumer-crypto Ethereum layer-2 from Pudgy Penguins parent Igloo Inc., will shut down on Dec. 15, 2026, leaving over 144 apps about two months to migrate. CEO Luca Netz said the company lost tens of millions of dollars over two years without finding product-market fit.

• Abstract shuts down Dec. 15, 2026; unbridged funds become inaccessible
• More than 144 apps were deployed on the chain, whose mainnet launched in January 2025
• Team-reported figures: 325M transactions, $6B DEX volume, $40M ecosystem revenue
• The Native Bridge carries a three-hour delay for withdrawals