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via Cointelegraph · By Cointelegraph Staff
Syndicate Labs Shuts Down After Ethereum Rollup Market Shift
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CS
Cointelegraph Staff(07:30 AM UTC)
1 min read
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…
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