Instead of nihilism, Nibbana is the only thing that exists

The two main and different defintions of the word dhamma are, one, the teachings, and in this context, it is (simply) translated as ‘phenomena’. It’s not Abhidhammic, but repeatidly present in the EBT.

See:

Nibbāna is unconditioned. It is categorically and solely a result (for the lack of a better word) based on the absence of the defilements/fetters (kilesa/saṃyojana) and dukkha—nothing more, nothing less.

You have the common assumption that Nibbāna is a magically blissful state. Nibbāna is probably highly blissful due the complete/absolute absence of dukkha; but not blissful in the way “nirvana” is described by the mainstream.

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