Abstract’s TVS Grew 158% in 2 Months. But That’s Not the Real Story On May 25, Abstract reported a TVS of $83.34M. Today, July 17, that number sits at $214.76M a jump of over 158% in less than 2 months. But this isn’t just about “going up.” The deeper signal lies in the TVS composition and it tells a very different story about Abstract's trajectory. In May: Total TVS: $83.34M - Canonical bridged: $75.03M - Externally bridged: $8.30M - Native value: $0 This means nearly all the value on Abstract came from users bridging in from Ethereum. In simple terms: Abstract was still in early inflow mode, with minimal ecosystem-level stickiness. In July (today): Total TVS: $214.76M Value now spans: - Canonical: Still growing - External: Holding steady - Native: Now showing up on the chart This change is massive not just in size, but in type: → Native tokens are now being minted directly on Abstract → Value is entering from other chains → Ecosystem participants are launching, not just bridging Why this matters: - TVL growth is easy. - Sustainable value growth isn’t. Most L2s depend heavily on yield farming and mercenary liquidity to inflate their TVL. But Abstract’s current numbers are: - Not tied to emissions - Not inflated by retroactive farming - Not driven by DeFi whales They’re the result of apps, games, creators, and users generating real activity. The takeaway: The number is impressive. But the diversification of value sources is what really signals maturity. Canonical = people bridging in External = other chains recognizing Abstract Native = real value being created on-chain Together It’s becoming a place people build, not just visit. And that’s the shift CT still hasn’t priced in.