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- Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting DownPudgy Penguins' Ethereum Layer-2 network, Abstract, will shut down on December 15, urging users to move their assets off the network before then. The team cited a limited DeFi ecosystem, thin liquidity, and a smaller budget as reasons for the shutdown.StableCryptoFinance2 sources · 19 evidence2026-10-07 04:28