Syntix Makes Comeback on Ethereum Mainnet After Three Years — What's Ahead?

Synthetix Returns to Ethereum: The perpetual trading platform Synthetix is returning to Ethereum's mainnet, citing improved scalability and reduced gas fees as key factors that make it viable for high-frequency trading applications.

Impact of Network Improvements: The decrease in average gas fees from nearly 19 gwei to around 0.71 gwei has created a favorable environment for deploying complex trading infrastructure directly on Ethereum, encouraging other platforms to consider a similar move.

Future of Perpetual Trading on Ethereum: Synthetix's founder predicts that other perpetual exchanges will follow suit, which could enhance liquidity and trading volume on Ethereum, reinforcing its position as a leading platform for decentralized finance.

Ongoing Developments in DeFi: The article highlights that Ethereum's network enhancements and ongoing developments are crucial for the growth of decentralized finance and derivatives trading, with expectations for further improvements by 2026.