Synthetix returns to Ethereum: The underlying logic behind the retreat from Layer-2

【Crypto World】A major shift by Synthetix has attracted a lot of attention—they have decided to abandon their Layer-2 solution and return to the Ethereum mainnet. There’s an interesting story behind this choice: Ethereum’s transaction fees have decreased 26-fold over the past year, making the mainnet a feasible place to run high-frequency applications like perpetual futures DEXs again.

The protocol’s V3 version is currently in trial operation, open only to top traders and liquidity providers verified through whitelisting. Their strategy is clear—prioritize security over rushing to accumulate total locked value. This steady and cautious approach allows development efforts to focus on Ethereum, a secure and highly liquid foundational layer.

Interestingly, this example might inspire other protocols that previously fled Ethereum due to high costs. As network efficiency improves and fees are optimized, the mainnet’s attractiveness is indeed on the rise.