Synthetix returns to Ethereum mainnet after 3 years: ‘We can run it back’
Synthetix founder Kain Warwick expects other perpetual decentralized exchanges to follow Synthetix back to Ethereum, which is faster than ever.
Perpetuals trading platform Synthetix is returning to Ethereum’s mainnet, with its founder arguing the network is now more than capable of supporting high-frequency financial applications after years of network congestion drove derivatives activity elsewhere.
“By the time perp DEXs became a thing, the mainnet was too congested, but now we can run it back,” Synthetix founder Kain Warwick told Cointelegraph during an interview on Wednesday.
“It’s kind of crazy that there really hasn’t been a Perp DEX on mainnet,” he added, explaining that reduced demand after the perp DEX exodus, combined with ongoing scaling improvements, has made Ethereum layer 1 more viable again.
