Golden Finance reports that the perpetual contract trading platform Synthetix is returning to the Ethereum mainnet. Its founder stated that after years of network congestion forcing 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 been a true perpetual contract DEX on the mainnet.” He explained that after the migration of perpetual contract DEXs, the decline in demand combined with Ethereum’s ongoing scalability improvements have made the Layer 1 network of Ethereum viable again.
“This is definitely the best place to run perpetual contract DEXs,” he said.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
"Strategy Opponent Position" stop-loss of $54 million BTC and ETH long positions, recording a loss of approximately $1.86 million
In the past hour, the whale "Strategy Opponent" closed its long positions in BTC and ETH simultaneously, incurring a loss of approximately $1.86 million, with a total closing value of $13,129,100. This address was previously known for establishing large-scale short positions.
GateNewsBot30m ago
A major whale in a certain wave re-entered the market after two months, accumulating 3,700 ETH worth $7.31 million.
PANews February 11 News, according to on-chain analyst @ai\_9684xtpa monitoring, the swing whale 0xfda…39f26, who has been resting for two months, opened a position of 3,700 ETH two hours ago, worth $7.31 million.
His current purchase price was $1,975.01 per ETH, and previously, from June 2025 to December 2025, he made a profit of $673,000 through buying low and selling high on ETH.
GateNewsBot48m ago
Super short positions betting against ETH starting from $2940 are gradually closing, with a remaining position of $16.45 million.
According to HyperInsight monitoring, a certain "ETH super short" has been shorting ETH since $2940. Recently, they started reducing their position, with an unrealized profit of $8.35 million, and a total profit of over $80.9 million, continuously shorting with the highest leverage.
GateNewsBot57m ago
