Major Shutdown in Layer 2: Three Projects Close on the Same Day!
— CryptoPolitan
Layer 2 projects are closing; ecosystem consolidates around major players.
Syndicate Labs, Everclear, and ZERO Network closed on the same day amid Layer 2 ecosystem contraction.
- Syndicate Labs, Everclear, and ZERO Network ceased operations.
- Layer 2 ecosystem contraction triggered these closures.
- Rollup TVL fell 36%, small networks dubbed 'zombie chains'.
Layer 2 project closures indicate accelerated consolidation and sustainability issues for smaller projects.