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Syndicate Launches Mainnet and TGE with $1.84 Billion Valuation

Syndicate's mainnet launch and Token Generation Event (TGE) debut the SYND token at $1.86, valuing the protocol at $1.86 billion, following a $20 million Series A round led by a16z.

Summary

Syndicate, an application chain infrastructure protocol, launched its mainnet and held its Token Generation Event (TGE) on September 18, 2025. The SYND token is priced at $1.86, giving the protocol a fully diluted valuation (FDV) of $1.86 billion. In 2021, Syndicate raised $20 million in Series A funding, with Andreessen Horowitz (a16z) leading the round.

Terms & Concepts
  • Mainnet: The fully operational and public blockchain network where actual transactions occur and have real economic value, as opposed to test networks.
  • Token Generation Event (TGE): A blockchain project's event for creating and distributing its native tokens, often coinciding with a network launch.
  • Fully Diluted Valuation (FDV): A market capitalization metric calculated by multiplying a token's current price by its total possible supply.