Morning Edition · Friday, October 9, 2026Published at 1:49 AM EDT · New York
The consumer-focused layer-2 network from the Pudgy Penguins team says assets left after the deadline will become inaccessible, and its exit routes run through a native bridge with a three-hour delay and a migration portal.

Abstract, an Ethereum layer-2 network (L2) launched by Igloo Inc., the company behind Pudgy Penguins, announced on October 6 that it will stop operating on December 15. The team said a consumer-focused blockchain is no longer sustainable as…
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On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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