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Synthetix Makes a Comeback on Ethereum Mainnet

Synthetix Makes a Comeback on Ethereum Mainnet

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by Arif Mukhtar

2 hours ago


Synthetix, a leading platform for perpetual trading, is making a notable return to Ethereum's mainnet, reflecting a renewed confidence in the network's capabilities. According to the results published in the material, this decision comes after a prolonged period of congestion and high transaction fees that had previously pushed derivatives trading to Layer 2 solutions and other blockchains.

Возвращение перпетуум-трейдинга на Ethereum

Kain Warwick, the founder of Synthetix, highlighted that Ethereum's recent upgrades have made it a viable option for complex trading infrastructures once again. He pointed out that significantly reduced gas fees are a key factor in this transition, allowing for more efficient trading operations on the mainnet.

Важность обновлений для DeFi

The return of perpetual trading to Ethereum marks a significant milestone, indicating a resurgence of trust in the network's performance following the Merge. This development not only showcases Ethereum's ongoing advancements in scalability and cost reduction but also emphasizes the importance of these improvements for the growth of decentralized finance (DeFi) as a whole.

In a recent development, Solmate has implemented a bare-metal server strategy for validators, enhancing performance in proof-of-stake networks like Ethereum. This move contrasts with Synthetix's return to Ethereum's mainnet, highlighting the evolving landscape of blockchain technology. For more details, see read more.

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