Synthetix to Shut Down Its Layer-2 Deployments on Base, Refocus on Ethereum

The decentralized finance (DeFi) protocol Synthetix has announced a major strategic pivot, setting a July 7 target to phase out all of its Layer-2 deployments on the Base network. The derivatives protocol stated it will now consolidate its focus on the Ethereum mainnet, a surprising move that goes against the broader industry trend of L2 […] The post Synthetix to Shut Down Its Layer-2 Deployments on Base, Refocus on Ethereum appeared first on Coin Edition.