Abstract to Shut Down Ethereum Layer 2 on December 15

Abstract, an Ethereum Layer 2 protocol, has announced plans to shut down its operations on December 15. The team behind the project is urging users to withdraw their assets before the shutdown date. Withdrawals can be processed through the Migration Hub or the native bridge, ensuring users have multiple options to secure their funds.

The Abstract team also plans to assist applications built on its platform in migrating to other chains. This effort aims to minimize disruption for developers and users who rely on the protocol. The decision to shut down comes as part of the team's strategy to help apps transition smoothly to alternative solutions.