Perpetuals trading platform Synthetix is returning to Ethereum’s mainnet after years of network congestion. Founder Kain Warwick believes Ethereum can now support high-frequency financial apps. Many platforms migrated to layer-2 networks due to gas fees. Ethereum gas fees are significantly lower than a year ago, making mainnet more viable. Warwick expects other perpetual DEXs to follow. Source: Synthetix

Warwick cites reduced demand and scaling improvements for moving back to mainnet. Synthetix had previously shifted to layer-2 networks like Optimism, Arbitrum, and Base. Ethereum’s improved development in 2025 makes it more attractive. Warwick predicts a renewed focus on builders’ needs. Ethereum gas fees have decreased significantly. Source: Ethereum gas fees

Warwick sees Ethereum mainnet as the most efficient onchain market with the majority of crypto liquidity. He anticipates other platforms will return to mainnet. Ethereum’s development has been strong in 2025. Warwick believes it has been the network’s best year since the Merge in 2022. Focus has shifted to builders’ needs. Source: Synthetix News

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