Abstract is shutting down on december 15.
It had 400K+ users, 144 apps and 325M transactions.
Igloo still lost tens of millions of dollars funding it over about 18 months.
I think this is a more useful L2 failure to study than Blast, because it’s a different failure.
Blast’s TVL fell 98% from $2.27B. Its daily revenue the day before the shutdown was $110.
Nobody was using it.
Abstract had users and still couldn’t pay for itself.
Here’s the mechanism.
An L2 earns its revenue from fees:
> Brand brings wallets
> Some wallets become active users
> Active users make transactions
> Transactions pay

Pinduoduo is insanely awesome—it shipped a 1.7 SGD item from China to my home in Singapore for free.

$PYTH I almost got turned into exit liquidity again on this 16.8% surge. I didn't dare buy at 0.0760 and chased in at 0.0896, only for it to touch a high of 0.0907 before going sideways. I'm now up less than 2%, and while the 44.3M trading volume looks lively, it's actually all short-term traders.
I advise you not to touch it because this kind of price-volume structure traps people most easily—there's no volume surge on the way up, and any pullback can trigger a stampede. I reviewed the trade, and my mistake was treating a rebound as a reversal.
If you really want to play it, I only recognize

$S is about to launch again🔥
SThis round will burn 2.69 million airdropped tokens on October 15. As everyone knows, whenever tokens are burned and supply is reduced, the market will consider them more scarce, creating a major narrative. It is just like coins from ancient dynasties: those with less in circulation become more valuable.
As for whether demand will increase after this supply reduction, that remains to be seen, but market makers will definitely use this opportunity to hype the token and push up its price. The market has already started pricing this in.
It has not yet reached the sh

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Bought some @RaceCatToken yesterday on @UltApp .
Started with -20% red, then today it's mooning.
Welcome to Cronos meme season!

$FIL BTC
This chart looks so good. Breaking out of the weekly HTF downtrend. When June's swing high will be reclaimed, this sets up for a bigger move towards $3,- which aligns with the orange box on the BTC chart.
filecoin:native

Monday Morning Update 🚨👇
Not much movement across the board in the pre-market.
Things are slightly mixed, with no clear direction just yet.
With the bond market closed today, OIL looks to be the main market driver... $BRENT is currently trading around $108 and is green on the day.
> The next few hours will be telling for which direction we head today.
I think if we see Brent pushing above $109, stocks and crypto will react somewhat negatively...but even with that, I don't see much happening until tomorrow...when we get an update on the 10Y.
Personally, I wouldn't be opening any new trade

https://www.gate.com/candy-drop/detail/CENT-376?ref=VLBNBL5DBQ&ref_type=123&utm_cmp=b7kztdGN

polygon enables global currencies to move onchain 24/7, bringing always-on payments beyond traditional banking hours.
$POL $Payments #GATE

$W IS IN MASSIVE PROFIT!
UNMATCHED ACCURACY! 🐂
My champions, as long as your brother stands with you, In Sha Allah, he’ll make sure you succeed!

MAGIC at $0.13—would you still dare chase it?
From $0.05 to $0.13, doubling on the weekly chart, everyone is shouting “the new AI Agent narrative”—but $0.13 is right at the middle of the range, with $0.16 capped by a shooting star above, while a break below $0.116 opens the abyss. Is this a genuine breakout, or is the market maker luring buyers in by exploiting altcoin rotation?
First, the surface: the rally is fierce, but the position is awkward.
+100% in 7 days, +170% in 30 days, climbing from around $0.05 to $0.13. Market cap is $46 million, FDV is $47 million, and circulating supply is nea

Is this really about whether to wear makeup🤣

Expert warns Bitcoin: 'Exhausted selling' indicator just flashed a notable signal
The Seller Exhaustion Indicator has returned to a sensitive zone.
After Bitcoin recently surpassed 85,000 USD, the Seller Exhaustion Indicator began sending notable signals.
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.

$ETH
Ethereum just finished rebounding and has already gone limp again; major coins are still weak. 2560–2580 is capping it, while 2520–2500 remains the level to hold. Just sell high and buy low within these two ranges, like flipping a pancake—keep scalping back and forth and you’re done😏🔥

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#Gate每日交易分享 This is tough—after the choppy market action, is it headed down or up, does anyone in the know have any idea