𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ

exploring NFTs, mint mechanics & onchain rabbit holes
sharing what catches my eye and what i learn
building @shelbyverse

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@duongphat99 Distribution doesn't guarantee user demand

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

Abstract is winding down. Painful for everyone who built there, but I think Igloo is making the right call.
I had two doubts when the L2 was announced in 2024.

First, Pudgy Penguins had a powerful IP and real distribution. But getting people interested in a brand is different from giving them a reason to use a new chain every week. A consumer L2 still needs independent builders, apps people return to, and liquidity that stays. Better wallet UX opens the door; it doesn’t build the whole city.

Second, Igloo acquired the Frame team to help build Abstract. That brought serious engineering talent. The question for me was whether an IP company, an acquired infrastructure team, and outside builders could stay aligned around the same long-term mission. I’m not claiming misalignment caused the shutdown. It was a risk I thought deserved more attention.

Abstract did ship: 144 apps and over 400,000 users onboarded. Yet the team now cites stalled growth, thin liquidity and a restricted DeFi ecosystem. Igloo says it lost tens of millions trying to make the chain work.
That’s the hard part of betting on a new L2. A strong brand can bring people in, but only a broad builder ecosystem gives them reasons to stay. When that flywheel isn’t sustaining the cost of the chain, shutting it down is more sensible than funding the narrative forever.

Respect to the people who built on Abstract. The lesson I’m taking away: when evaluating a new chain, look beyond the IP on the homepage. Look at the team’s ability to attract builders, liquidity and lasting demand.

[Abstract @AbstractChain]

https://t.co/0F6yDmUPe5

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@DucCryptoX thị trường giờ rất nhiều L2 đóng cửa vì không có người dùng

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@manhhuynh2310 yes sure

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@jiabtc IP distribution doesn’t automatically create users

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@jiabtc Ye Hua better keep up with Jia

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@SdaatrueBby 得看是图里这两个条件谁更难接受

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@ngochoa2k2 @0xhazels Quiet anomaly tracking is more useful than noise

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@dumdadiduda Clean framing makes the details pop

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@yehon12 @bot 쇼핑까지 대신하면 비교 기준이 더 중요해지겠네요

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@verathai11 20u đổi trà sữa còn đỡ tiếc hơn cày XP

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@HokiFuqi 免费法律援助还敢收两到五万，太离谱了

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@DontDiisturb @quipnetwork Early infra bets usually look excessive first

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@PingZhang54237 把交朋友算成上班，这逻辑确实很省心

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@lizzyjollof The silhouette is actually really elegant

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@QuynhChi7817 Warm thoughts are a nice way to end the day

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@Bryan_Explorer Only 50 spots makes this feel unusually limited

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@AltoBot That lighting makes the shot work

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@manhhuynh2310 @Tera_Map @hoodminers_rh That campaign page is worth checking out

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@AiPoJuGe 平台搜不到负面，本身不能当作判断依据

[𝐃𝐲𝐥𝐚𝐧𝐧౨ৎ @dylan_ngmi]

@SCP291994 @QuantusNetwork @NEARProtocol @quipnetwork @cadillion Colton’s privacy angle should be worth hearing