Syndicate Labs Shuts Down: Rollups Are Dead?!

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Syndicate Labs, the on-chain development startup backed by Andreessen Horowitz, has decided to call it a day after five years of building infrastructure for on-chain developers. Because nothing says “success” like a 5-year sprint to nowhere.

Their big reveal? The rollup market shifted so hard, it might as well have been a yoga class. Turns out, EVM rollups aren’t the hot new thing anymore. Who knew?

EVM Rollups No Longer the Standard

According to Syndicate, developers are now building custom chains like they’re in a DIY home improvement show. Who needs reusable tools when you can have a bespoke blockchain? The ecosystem’s network effects? Probably napping.

They also mentioned the Syndicate Network Collective is still around, just like your ex’s passive-aggressive Facebook posts. No one’s panicking, though-unless you count the SYND token holders, who are probably just fine.

Oh, and the bridge hack? A minor inconvenience, they say. All victims were reimbursed, because nothing says “we’ve got this” like a treasury reserve. Meanwhile, the team’s token lockups are tighter than a Brit’s sense of humor.

Two DeFi Projects Falter

Meanwhile, other DeFi projects are also having a rough time, like a toddler at a buffet. Step Finance and others shut down after losing millions, proving that even the best-laid plans can go sideways. Crypto’s a rollercoaster, folks. Buckle up.

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2026-05-22 00:34