Synthetix, a perpetual contract trading platform, is returning to the Ethereum mainnet after years of congestion that forced derivatives trading activity to move to other networks, according to its founder.
Kain Warwick, founder of Synthetix, said in an interview on Wednesday: "When the perpetual DEX started to take off, the Ethereum mainnet was too congested, but now we can start over."
He added: "It's kind of incredible that there has actually been no real perpetual contract DEX on the mainnet." He explained that after the migration of the perpetual contract DEX, the decrease in demand and the continuous expansion and improvement of Ethereum have made the Ethereum layer network feasible again.
"This is definitely the best place to run a perpetual DEX," he said.
Synthetix Returns to Ethereum Mainnet After 3 Years
2025-12-18 23:48:36
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