On-chain developer infrastructure project Syndicate Labs announces its dissolution, citing that the Rollup market has fundamentally shrunk.

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Deep Tide TechFlow News, on May 21, on-chain developer infrastructure project Syndicate Labs officially announced its dissolution, ending its five-year operational history. The official statement indicated that the core reason for the dissolution was a fundamental shift in the Rollup market—EVM Rollup is no longer the industry standard, and the market is shifting toward custom chains built from scratch by consulting teams. Reusable technology and network value are extremely limited, making it impossible for the company to continue operations.

Regarding subsequent arrangements, Syndicate Labs and the independently operated Syndicate Network Collective (a Wyoming DUNA entity holding governance rights for the SYND token) are separate, and SYND token governance is temporarily unaffected. The latter may seek a successor to orderly advance subsequent matters. The official also clarified that this dissolution is unrelated to the recent cross-chain bridge security incident. Affected users have been fully compensated through treasury reserves, and token distributions to team members and investors remain locked, with no one gaining short-term benefits.

SYND-22.29%
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