The abstract, the Layer-2 network that rolls this week of Pudgy Penguins, is at a muted start despite offering a series of incentives to new users.
The network Noticed 711,000 user transactions On the day of the release, but the respectable total is that it has been inovershadow of a lack of flow. The total amount that —secure (TV) stands in Only $ 33 million The amount of ether (eth) and stablecoins, a big shout from ten -ten billion dollars distributed to other networks of the hyped layer 2.
The native decentralized platform exchange, Noxa, has a $ 109k amount of total amount locked (TVL), down from $ 515K on the day of launch, Defillama Shut up.
The launch was sold as a “new consumer crypto” with simplified onboarding that allowed users to create a purse using an email address.
Users are in contact with the abstract mainnet accrue “XP points” that can be used to ” -level up” and unlock rewards. However, an abstract supporter in X mentioned That is “most people do not care about XP as long as their NFT flipping,” before continuing to mourn the project community.
Abstract functions like most other Ethereum Layer 2 -based networks, users can bridge funds from other blockchains, change tokens in decentralized exchange and launch new tokens In zoo.fun, version of the abstract of the pump.fun token launcher.
But abstract CEO Luca Netz wants to guide attention from delicate defi applications that usually regulate the most liquidity in other networks, instead he wants the products “fun.”
Netz said in a interview That “if not happy and viral there is no reason for you to form in abstract. I have been optimizing for fun, viral, simple, stupid. If you want to develop the next Defi application, I recommend that you use berachain or arbitrum . Do not come to abstract to develop types of products because we want to be really special around the fun.
Abstract’s launch coincides with the loss of momentum in Pudgy Penguin ‘Native token (Penguin), which dropped 7.6% over the past 24 hours and 41% last week.
The sector of non -generated token (NFT) struggles to reach a dizzy height of 2022 during the recent bull market. The volume of trade in Openea, despite experiencing a major outbreak in December amid gossip in AirDrop, reaches around $ 15 million a day in January compared to $ 160 million per day three years Later.
