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Synthetix is Migrating to the Ethereum Mainnet
On Monday, the Synthetix team announced via a blog post that Synthetix is coming home to the Ethereum Mainnet. By early Q4, Synthetix will have launched the first Ethereum Mainnet settled CLOB perp exchange. A hybrid onchain-offchain architecture that allows Synthetix to overcome Ethereum Mainnet’s block latency and significant gas costs.
Synthetix’s CLOB will:
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets. SNX, the native token of Synthetix, is up 2.4% in the last 24 hours and is trading at $0.604 at press time.