SNX has been woken up, will give up L2, return to the eth mainnet to develop derivatives, and more importantly, begin to cater to the market, the market wants user experience, not decentralised idealism, which is basically stimulated by hyperliquid
Today, Hyperliquid has taken the lead, and SNX is the most idealistic derivatives pioneer
With a long sigh, this is the choice of the times
L2s are dead. The experiment is over. Synthetix is going all-in on L1.
As we shift focus back to Ethereum, Synthetix will sunset trading on Base and close LP vaults.
If you are currently trading or LPing, here are the details you need.
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