If @AbstractChain wants to kill the shutdown rumor, the onchain numbers aren’t helping TVL peaked around $58M on May 13, 2025 Now it’s closer to $10M, while chain revenue is only around $3K–$5K Then you have the offchain signals @LucaNetz removed Abstract from his X name, @0xCygaar's wallet was seen withdrawing funds from the chain, and both Mason and 0xBeans left the team in August The official @AbstractChain account has also been mostly quiet Individually, none of these things mean much Put them together with an ~80% TVL drawdown and barely any revenue, and I can see why people are starting to ask whether Abstract still has a future There’s still no official shutdown aIf Abstract wants to kill the shutdown rumor, the onchain numbers aren’t helping TVL peaked around $58M on May 13, 2025 Now it’s closer to $10M, while chain revenue is only around $3K–$5K Then you have the offchain signals Luca Netz removed Abstract from his X name, Cygaar’s wallet was seen withdrawing funds from the chain, and both Mason and 0xBeans left the team in August The official @AbstractChain account has also been mostly quiet Individually, none of these things mean much Put them together with an ~80% TVL drawdown and barely any revenue, and I can see why people are starting to ask whether Abstract still has a future There’s still no official shutdown announcement, so calling it dead right now would be too early But after seeing Polygon zkEVM and Zero Network already give up, another L2 slowly fading out wouldn’t exactly shock the marketnnouncement, so calling it dead right now would be too early But after seeing Polygon zkEVM and Zero Network already give up, another L2 slowly fading out wouldn’t exactly shock the market