Golden Finance reports that the perpetual contract trading platform Synthetix is returning to the Ethereum mainnet. Its founder stated that after years of network congestion forcing derivatives trading activities to migrate to other networks, Ethereum is now fully capable of supporting high-frequency financial applications.
Synthetix founder Kain Warwick said in an interview on Wednesday, “When perpetual contract DEXs started to emerge, the Ethereum mainnet was too congested, but now we can start over.”
He also added, “It’s somewhat incredible that there has never been a true perpetual contract DEX on the mainnet.” He explained that after the migration of perpetual contract DEXs, the decline in demand combined with Ethereum’s ongoing scalability improvements have made the Layer 1 network of Ethereum viable again.
“This is definitely the best place to run perpetual contract DEXs,” he said.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
VanEck CEO: Bitcoin is bottoming out, and the 2026 corporate chain battle will determine the institutional financial landscape
VanEck CEO Jan Van Eck stated on CNBC that Bitcoin's market trend aligns with the historical four-year cycle, and the current bottoming phase signals potential for future growth. He predicts 2026 will become a pivotal year for enterprise blockchain competition, where companies will need to choose between building on existing public chains, customized chains, or developing proprietary chains, which will influence the future financial landscape.
MarketWhisper10m ago
Ethereum usage hits a new high, but ETH continues to decline, approaching the longest decline since 2018
Since September 2025, Ethereum has declined for six consecutive months, with a 90% drop to around $2,000, yet its usage has reached new highs, mainly benefiting from asset tokenization and stablecoin applications. Recently, net redemptions of ETFs and stagnant stablecoin supply have made price rebounds weak. If it continues to decline by March 2026, it will be on par with the 2018 crypto winter. Three conditions need to mature simultaneously to change this situation.
MarketWhisper20m ago
Ethereum Whale Dumps 1,000 ETH for Gold Token, Faces $60K Loss
_A major Ethereum holder swapped 1,000 ETH for Tether Gold (XAUT) at a $60K loss, signaling a shift toward tokenized gold as a hedge._
_Ethereum exchange reserves have fallen to multi-year lows near 16 million ETH, reducing immediate sell pressure and hinting at potential supply
LiveBTCNews34m ago
Relying on cryptocurrencies for emergency hedging? Within minutes of the U.S. and Israel airstrikes, Iran exchange outflow surged by 700%
Following the joint U.S.-Israel airstrikes on Tehran, Iran's largest cryptocurrency exchange Nobitex experienced a 700% increase in capital outflows, reflecting the public's use of digital assets for hedging and capital flight. Although the initial outflow was significant, subsequent government internet restrictions led to a decrease in capital movement. Iran's financial system is fragile, with traditional banks losing credibility, making cryptocurrencies an important asset preservation tool for residents.
CryptoCity1h ago
Ethereum Today News: BitMine's Accumulation Push Drives ETH Back to $2000
Ethereum recently rebounded to $2,037, mainly influenced by BitMine increasing its holdings by 50,928 ETH. BitMine now holds 4,473,587 ETH, aiming to control 5% of the supply, and claims that its staking strategy will generate stable returns. Technical analysis shows that if ETH breaks through $2,150, it may accelerate upward to $2,800; conversely, if it fails to hold above $2,000, it could drop to $1,800.
MarketWhisper1h ago
Vitalik Buterin Accelerates $ETH Sell-Off Again — What’s Behind the Move?
_Key Takeaways_
_Vitalik Buterin sold 1,869 ETH (~$3.67 million) in the last 48 hours, picking up pace after recent Aave withdrawals._
CoinsProbe1h ago
