Daily Market Updates: Pudgy Penguins-backed Ethereum L2 Abstract to shut down Dec. 15

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At close · Tue, Oct 6, 2026

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Pudgy Penguins-backed Ethereum L2 Abstract to shut down Dec. 15

Reported · Written up by our desk · Ethereum

Abstract, the Pudgy Penguins-backed Ethereum L2, is scheduled to shut down on Dec. 15, after losing tens of millions, according to The Block.

Users will need to move funds off the network by bridging assets elsewhere before the shutdown date.

Latest closeEthereum $2,697.02 ▼0.5%

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Sources

The BlockPudgy Penguins-backed Ethereum L2 Abstract to shut down after losing ‘tens of millions’

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