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via Cointelegraph · By Cointelegraph Staff

Syndicate Labs Shuts Down After Ethereum Rollup Market Shift

ETH

ETH/USDT

$1,665.90

-3.60%

$1,665.90

-3.60%

(24s)

24h Volume

$10,505,619,523.72

24h H/L

$1,731.25 / $1,635.65

Change: $95.60 (5.84%)

Long/Short

75.9%

Long: 75.9%Short: 24.1%

Funding Rate

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Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,665.04

▼ -0.13%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,736.50

Resistance 1$1,679.15

Price$1,665.04

Support 1$1,658.89

Support 2$1,615.03

Support 3$1,574.70

Pivot (PP):$1,669.68

Trend:Downtrend

RSI (14):36.9

Cointelegraph Staff

(07:30 AM UTC)

1 min read

Verified byEmily Watson

532 views

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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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Cointelegraph Staff · Cointelegraph

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