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99bitcoins

Synthetix Ditches Layer-2s, Returns to Ethereum's Mainnet

DeFi derivatives protocol Synthetix is returning to the Ethereum Mainnet after a three-year stint on various Layer-2 networks. The move comes as a response to fragmented liquidity that saw its native token, SNX, fall approximately 83% since late 2024. This strategic shift signals renewed confidence in Ethereum's ability to handle high-speed financial applications, a development..The post Synthetix Ditches Layer-2s, Returns to Ethereum's Mainnet appeared first on 99Bitcoins.

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