Ethereum layer-2 blockchain Abstract to shut down on Dec. 15

Ethereum layer-2 blockchain Abstract said it will cease operations on Dec. 15, according to The Block. The project cited stalled growth, low liquidity, a limited DeFi ecosystem and weak participation from institutional investors as reasons for the shutdown. It advised users to move assets to other networks before that date, warning in English, "asset migration to another network is recommended before the date. Otherwise, there is a risk of losing access to funds."