Defillama

Igloo will close its Abstract blockchain on Dec. 15 after spending tens of millions of dollars supporting the Ethereum layer-2 network. Users have been told to move assets before the shutdown, with about $76 million still remaining on the network as of Wednesday.

Crypto market gains broadened into the Saturday close, with most major assets advancing and leadership concentrated in SUI and BCH. Bitcoin and Ethereum remained technically constructive, but both trailed the stronger median move across established assets.

Robinhood Chain’s fee income has fallen sharply from its memecoin-driven peak, even as transaction activity and decentralized exchange volume remain substantial. The latest data suggests the network has become cheaper rather than simply emptier, with activity rotating across apps and venues.

Payward plans to offer U.S. clients access to onchain perpetual futures markets on Hyperliquid, subject to regulatory approval. The proposal would use Bitnomial Exchange and NinjaTrader Clearing to place a popular crypto derivatives product inside a regulated U.S. framework.

Pons, a token launchpad on Robinhood Chain, generated about $5.95 million in fees over 24 hours as memecoin trading accelerated. The surge pushed the app into the upper ranks of crypto fee generators while highlighting how user-created tokens are shaping early activity on Robinhood’s new blockchain.

Compound Finance has replaced its leadership team and approved a record $52 million budget as it seeks to regain momentum in decentralized lending. The protocol is shifting toward institutional clients through real-world asset offerings, partner integrations and credit infrastructure built for traditional finance requirements.

Cardano gained ground this week as broader crypto participation improved, while Canton and Stellar remained under pressure. Bitcoin dominance stayed steady, ETF inflows were positive, and traders are watching whether the market’s breadth repair can hold.

Aave is considering a governance proposal to wind down deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos while retiring underperforming markets elsewhere. The plan reflects falling usage, weak revenue and a broader push to reduce operational risk across the decentralized lending protocol.