What changed
Pudgy Penguins’ Abstract becomes second Ethereum layer 2 to shut in a week 15 after Igloo spent tens of millions supporting it, days after Blast said its own network was no longer worth operating The consumer-focused blockchain will close Dec
Why it matters
Regulatory risk around ETH can change volatility, liquidity, or sentiment. The concrete detail to watch is pudgy Penguins’ Abstract becomes second Ethereum layer 2 to shut in a week
Trading lens
Use this as watchful context from coindesk.com. Watch whether 15 after Igloo spent tens of millions supporting it, days after Blast said its own network was no longer worth operating confirms momentum, invalidates active bias, or changes timing.