News, analysis, and explainers connected to Layer 2 across the CryptoCompass archive.
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Abstract, the Ethereum Layer 2 built by Pudgy Penguins parent Igloo Inc., will shut down on December 15, and the team has told users that any funds still on the chain by that date will become
Attacks exploiting errors in a DeFi protocol’s code caused 55% of flash loan losses from February 2022 to July 2024, according to a paper published in the Journal of Financial Crime.Their sha
Abstract users have until Dec. 15, 2026, to move assets off the Ethereum layer-2 before it shutters.The network said in a post on X on Tuesday that funds left on the chain after that date bec
Abstract, a consumer-focused Ethereum layer-2 blockchain backed by Igloo Inc. and built around the Pudgy Penguins ecosystem, said Tuesday that it will shut down later this year. In a post on
Igloo Inc. is winding down the Abstract blockchain project after absorbing losses described as tens of millions of dollars. Igloo Inc., the company that owns the Pudgy Penguins NFT brand, is
The milestone test aims to treat Ethereum's base layer and its rollups as one connected economic system. Ethereum's scaling roadmap has long relied on layer-2 rollups to process transactions
Traders watch for a range breakout as Ethereum consolidates below a key resistance level. Ethereum continues to trade within a defined range, with market watchers pointing to $2,800 as the le
Abstract, a consumer-focused Ethereum layer-2 blockchain built by Pudgy Penguins’ parent company Igloo Inc., said Tuesday it will shut down this year after struggling to scale and find produc
The @Trondao ecosystem has quietly crossed a milestone that deserves more attention. Total stablecoin capitalization on the network has surpassed $94 billion, according to on-chain data, with
20 Companies and Counting @Zebec_HQ's blockchain payroll platform on the @StellarOrg network is picking up momentum. Around 20 companies are now actively using the infrastructure, a figure th
South Africa's First National Bank has announced the launch of crypto trading services for its retail customer base, a move that could extend digital-asset access to nearly 9 million account
It has been a strong week for @LayerZero_Core. The protocol's native $ZRO token is up roughly 34% over the past seven days, outpacing most crypto majors and cementing LayerZero as one of the
