SYNDSyndicate
$0.0074
$0.0005
(6.67%)
Mkt Cap$3.54M
Vol265,071.00
Fundamentals
Mkt Cap
$3.54M
24H Volume
$265,071.00
7D High
$0.0099
FDV
$7.4M
Circ Supply
478.7M
Total Supply
1B
Max Supply
1B
24H High
$0.0079
24H Low
$0.0074
Zero Network Shutdown Signals Growing Pressure Across Ethereum Layer 2 Sector
Zero Network exits market while Zerion prioritizes wallet and API expansion. Everclear, Syndicate Labs, and Fantasy.top closures deepen crypto infrastructure uncertainty. Users must bridge assets before July as shutdown operations officially continue. Zero Network will shut down ...
36Crypto
Zero Network Announces Closure: Ethereum Layer 2 Platform Sets July 2026 Deadline
Zero Network, Ethereum's gasless Layer 2 platform, is shutting down. Users have until July 31, 2026, to withdraw ETH, tokens, and NFTs before closure. The post Zero Network Announces Closure: Ethereum Layer 2 Platform Sets July 2026 Deadline appeared first on Blockonomi.
Blockonomi
Crypto Market Carnage: Five Blockchain Firms Collapse in Just Seven Days
Five cryptocurrency companies shut down in one week amid market downturn. Fantasy.top, Everclear, and ZERO Network cite unsustainable operations. The post Crypto Market Carnage: Five Blockchain Firms Collapse in Just Seven Days appeared first on Blockonomi.
Blockonomi
Zerion Shuts Down Zero Network After 1.5 Years Due to Low Adoption
Zero Network, an Ethereum Layer 2 focused on gasless transactions, is being wound down after approximately 1.5 years. Zerion said it is shifting focus to its API and wallet products. […]
Cryip
Popular crypto firm shuts down amid market slump
A major crypto infrastructure firm shuts shop.
The Street
Syndicate Labs Shuts Down After Five Years as Ethereum Rollup Market Contracts
Syndicate Labs is winding down operations after five years. The company cited a shrinking rollup market and changing customer demand as key reasons for the closure. Co-founder Will Papper said […]
Cryip
Why a16z-backed Syndicate Labs is shutting down after 5 years
Syndicate Labs, the high-profile blockchain infrastructure entity backed by Silicon Valley venture capital giant Andreessen Horowitz (a16z), has…
Technext
Syndicate Labs Ceases Operations After Five Years as Rollup Demand Collapses
Syndicate Labs closes after 5 years due to declining rollup market demand. SYND token holders protected, governance continues independently under collective. The post Syndicate Labs Ceases Operations After Five Years as Rollup Demand Collapses appeared first on Blockonomi.
Blockonomi
Syndicate Labs Shuts Down Operations Amid Rollup Market Decline
Syndicate Labs shuts down after 5 years, as declining rollup adoption and shifting blockchain trends challenge sustainable infrastructure development worldwide.
Blockchain Reporter
Syndicate Closes Operations Amid Rollup Ecosystem Downturn
Syndicate is closing its development operations after the Rollup market shifted toward custom chains, though SYND token governance remains active. The post Syndicate Closes Operations Amid Rollup Ecosystem Downturn appeared first on Blockonomi.
Blockonomi
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AboutThe Syndicate Network enables developers to build and operate smart rollups—application-specific blockchains (appchains) with programmable, onchain smart sequencers. Anticipated to launch on September 17, 2025, Syndicate moves sequencing logic from centralized, offchain services into transparent smart contracts on Syndicate Network, allowing applications to customize their transaction ordering, fee structures, and governance models. The SYND token, with a fixed supply of 1 billion tokens, serves as both the native gas token for Syndicate Network and Commons Chain (Syndicate's L3 that settles on Base) and the governance token for the entire network. Originally deployed on Ethereum Mainnet with bridging to Base, SYND launches with 92% of supply minted at genesis and 8% distributed through programmatic emissions over four years. SYND functions as essential infrastructure for network operations and governance. As the gas token, appchain operators use SYND to pay for sequencing transactions, deploying sequencer contracts, and writing blocks to Syndicate Network. As the governance token, SYND holders control the network's direction through a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA), which holds the 258.7 million token treasury. Token holders vote on treasury deployments, network upgrades, and strategic partnerships, ensuring the community maintains control over the ecosystem's evolution. Starting with emissions anticipated October 1, 2025, holders also stake SYND on Commons Chain to earn from an 80 million token pool distributed over 48 thirty-day epochs across three pools: the Base Pool (30%) provides returns proportional to stake amount and duration, the Performance Pool (30%) rewards stakers based on the success of appchains they back, and the Appchain Pool (40%) directly funds appchains based on fees generated and stake attracted. Token holders interact with SYND through standard web3 infrastructure for both staking and governance. After bridging tokens from Ethereum or Base to Commons Chain, holders deposit SYND into the staking contract and allocate their stake across appchains for 30-day epochs. Beginning October 31, 2025, stakers must allocate 100% of their stake to specific appchains, creating direct alignment between token holders and ecosystem growth. Staking rewards are calculated based on both the amount staked and the performance of backed appchains—holders who identify successful appchains early earn outsized returns from the Performance Pool. Beyond staking, token holders participate in governance decisions that shape the network's future, from treasury allocations to protocol upgrades, ensuring the community retains sovereignty over the infrastructure they use. The smart sequencer architecture enables appchains to evolve through smart contract upgrades rather than infrastructure changes—modifying everything from transaction ordering to fee distribution through simple module updates. As the network matures, SYND's role expands to securing Syndicate Network itself through proof-of-stake validation, with the economic model shifting from emission-driven to fee-driven as usage grows. The governance structure ensures that major decisions—from emission schedule adjustments to treasury disbursements for ecosystem development—remain under token holder control through the DUNA framework. This design aligns incentives across all participants: developers capture value through customized appchains, token holders earn returns by backing successful projects while governing the network's direction, and the broader ecosystem benefits from purpose-built chains with programmable economics and atomic cross-chain composability.
DetailsCategories
AppchainsBase EcosystemBase NativeEthereum EcosystemInfrastructureSmart Contract Platform
Date
Market Cap
Volume
Close
June 06, 2026
$3.54M
$265,071.48
---
June 06, 2026
$3.7M
$220,503.47
---
June 05, 2026
$3.92M
$630,758.58
$0.0082
June 04, 2026
$3.97M
$458,695.28
$0.0083
June 03, 2026
$3.92M
$337,071.86
$0.0083
June 02, 2026
$4.27M
$631,692.62
$0.0088
June 01, 2026
$4.37M
$148,088.75
$0.0091
May 31, 2026
$4.54M
$138,543.43
$0.0095
May 30, 2026
$4.59M
$461,810.85
$0.0096
May 29, 2026
$4.76M
$700,541.55
$0.0099