Abstract

Abstract Wrapped: Year One In just 365 days, Abstract has built a thriving community, shipped top-tier products consistently, and created an ecosystem ready to onboard the next wave of users, developers, and industries to blockchain. Here's some of the highlights: ・ 800K monthly active users on the Portal. ・ 159 million transactions onchain. ・ 100 million transactions pioneering Account Abstraction via 4 million users on AGW. ・ Cultivated a loyal user base and community primarily based in high GDP areas. ・ 76 active onchain apps, among the highest of any blockchain. ・ Pioneered onchain recognition & reputation via Badges, Verification, Tiers and Perks. ・ $5+ billion in onchain volume across 4+ exchanges. ・ Dozens of updates shipped, consistently iterating on improving quality of user experience. ・ We created & retained significant mindshare within cryptonatives, with double digit percentage calling it home, while also curating experiences to onboard new users. A custom Abstract Wrapped is now live on the Portal for everyone who helped shape the success of Year One, show us yours below.

This is what NFT boosts will look like in the portal in the coming weeks. Each week, holding certain NFTs will make you eligible for a different boost percentage. The screenshot below is just a mockup, projects will be eligible based off onchain data.

Drop your AGW if you believe in Abstract ⬇️

Since you guys keep QTing this post, I'll address some points here: - We made slight adjustments to the XP given to top NFT collections (by onchain activity, volume, market cap). We updated the calculation for many of the longtail collections because we received many reports of people mass holding super cheap NFTs to farm large amounts of XP. NFT projects that are no longer active were diluting the rewards for active NFT builders - this is not the behavior we want. - We will introduce a more dynamic system for NFT holdings designed to reward the most active collections starting next week. This system will adjust week by week and look at trading volume + onchain activity + overall ecosystem participation (ex. building interesting apps with your IP). - For memecoin holdings, we were basing the XP given based off of inflated trading volume and price data. A lot of this was done to soften the blow from the steep price decreases seen throughout crypto since October. We have since updated our internal values to be up to date which resulted in a decrease in memecoin XP. Starting next week, we will ramp up the XP given to memecoin teams actively building their IP and growing their holder base. - As communicated to our app builders previously, there will be an influx of XP given to teams creating onchain usecases, onboarding new users to Abstract, and building innovative mechanics. Several of these teams will be launching new apps and mechanics in the coming weeks. - We originally didn't want to change the calculation for holdings too much, which is why I tweeted the below tweet 3 weeks ago. However, after doing a deep dive into the XP distributed to inactive projects as well as going through the reports our community had flagged to us about XP abuse, we had to make changes to better reward those that are still active onchain participants in the ecosystem.

@Abstract_Eco ✳️

You can't post a random color and expect people to recognize it.

@CashBowie 🎯

The long game always wins. Moving and shaping culture takes intention and time.

This is the final post.

If you're interested in building on Abstract, we’re here to help, submit your project for consideration here: cubeinc.notion.site/25adeecd6f6e80…

We asked @cyberpunk what made him choose to build on Abstract. Have you tried @playcambria yet?

@0xCygaar 💚

We just crossed $1 million in total volume! 🎉 This is a milestone built together with our community - every week, every run, every jackpot hunt. Thank you to every player who made this possible ❤️ The Maze is just warming up 🔥

@onchainheroes Congrats 👏

Check yours here: portal.abs.xyz This is the final post.

The latest XP update is now live on the Portal. Check yours below.

Full Podcast with @BrianHong, Head of APAC @AbstractChain. We chat about his journey from starting a K-Pop agency, being in the Korean military, to working at Abstract. Timestamps: 02:44 Starting a K-Pop agency 04:06 TripleS Partnership with Abstract 06:25 How did K-Pop get so popular? 08:57 Working at a crypto company 11:38 What is Abstract? 15:56 Brian's background 19:19 Hardest time in my life 24:35 Dropping out of NYU 28:18 Serving in the Korean Military 34:16 Living a "normal" life 37:26 Dealing with Challenges at Abstract 42:26 Working with US in Asia time zone 47:58 Crypto is becoming more institutional 51:00 When Abstract TGE?

@chinsanity @BrianHong 🐐

@bearish_af 👀🤖

New Flash Badge is live on the Portal 👀 This badge is available to any user who LP’s any amount into Gate DeFi Pools on Abstract. Are you claiming this badge?

@abschud 👆🏼👆🏼👆🏼

Abstract XP Update: There were a few ecosystem teams that submitted an outdated data set for the week’s XP. We’ve now replaced the data with the up-to-date version. Some may experience a fluctuation in XP as a result.

@abschud @sauciii @tolibear_ Aibstract ✳️

Got a ton of people in the Abstract Discord with @sauciii & @tolibear_ discussing AI agent creation, deployment and onchain use cases 👀

The Abstract Portal is the new discovery and rewards layer powering real crypto adoption. ・11.4M+ total upvotes ・5.2M+ total badges claimed Adoption isn’t silent, it shows up in behavior when people keep returning to explore, collect, and participate ✳️