Community Articles

via Cointelegraph · By Cointelegraph Staff

Syndicate Labs Shuts Down After Ethereum Rollup Market Shift

ETH

ETH/USDT

$2,500.84

+1.89%

$2,500.84

+1.89%

(24s)

24h Volume

$7,093,922,423.37

24h H/L

$2,523.97 / $2,450.00

Change: $73.97 (3.02%)

Long/Short

58.8%

Long: 58.8%Short: 41.2%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,499.83

▲ 0.79%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,500.47

Price$2,499.83

Support 1$2,449.71

Support 2$2,354.69

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.0

Cointelegraph Staff

(07:30 AM UTC)

1 min read

Verified byEmily Watson

0 comments

Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for rollups.

The company said on Thursday on X that the decision was necessary because “the rollup market has fundamentally shifted.”

“Unfortunately, the rollup market has shrunk dramatically. For every new rollup spinning up…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live ETH price →More ETH news →

Comments