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via Cointelegraph · By Cointelegraph Staff

Syndicate Labs Shuts Down After Ethereum Rollup Market Shift

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Cointelegraph Staff

(07:30 AM UTC)

1 min read

Verified byEmily Watson

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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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