Synthetix returns to the Ethereum mainnet after three years

Jinse Finance reported that the perpetual contract trading platform Synthetix is returning to the Ethereum mainnet. Its founder stated that after years of network congestion issues forced 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 really been a true perpetual contract DEX on the mainnet." He explained that after perpetual contract DEXs migrated away, the decline in demand combined with Ethereum's ongoing scalability improvements has made the Ethereum Layer 1 network viable again. "This is absolutely the best place to run a perpetual contract DEX," he said.