Crypto
Abstract Layer 2 Network to Shut Down in 2026
The Ethereum Layer 2 network Abstract will shut down on December 15, 2026, after failing to find a viable business model despite significant investment.
October 7, 2026, 12:03 PM·ForkLog

The Ethereum Layer 2 network Abstract will shut down on December 15, 2026, after failing to find a viable business model despite significant investment.

Consumer-focused layer-2 blockchain Abstract will shut down on December 15, 2026, after incurring tens of millions of dollars in losses.

Igloo Inc. is shutting down its Ethereum layer-2 network, Abstract, on December 15, citing the unsustainability of its consumer-focused business model.
