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
ETH short-term increase of 1.10%: Whales adding positions and leveraged short liquidations trigger a structural rebound
On 2026-02-28 from 07:00 to 07:15 (UTC), ETH prices surged rapidly within 15 minutes, with a range volatility of 1.56%, hitting a low of 1835.12 USDT and a high of 1863.79 USDT, yielding a return of +1.10%. Market attention significantly increased, and short-term capital activity drove increased volatility.
The main drivers of this anomaly are large whale accumulation and a significant concentration of on-chain holdings. On-chain data shows approximately 2.5 million ETH flowing into "in-only" whale addresses, greatly increasing the concentration of holdings. The capital side is showing strong...
GateNews2m ago
ETH drops below 1850 USDT
Gate News bot message, Gate market display, ETH drops below 1850 USDT, current price 1849.94 USDT.
CryptoRadar23m ago
Machi Suffers Another Liquidation as ETH Drops Following Israel-Iran Strike
Gate News bot message, Following Israel's strike on Iran, ETH experienced a sharp decline, resulting in another liquidation for Machi(@machibigbrother). His account balance has dropped to only $13,580. He had deposited $245K just 4 days ago.
According to Lookonchain's earlier report on February 28,
GateNews24m ago
Ethereum price approaches $1,900 support, buy-sell ratio rebounds hinting at a potential key turning point for ETH
Ethereum's recent price has been fluctuating around $1,950, down about 4% in the past 24 hours, with a monthly decline of 35%. The derivatives market buy-sell ratio is gradually rising back to around 1, indicating an improvement in bullish activity. From a technical perspective, ETH remains bearish, with key support levels between $1,850 and $1,880. A break above $2,000 could trigger a rebound. The buy-sell ratio and trading volume will be important indicators for assessing price trends.
GateNews1h ago
Vitalik Ethereum Scalability Plan Revealed: Preventing Large Operators from Monopolizing Nodes
Ethereum co-founder Vitalik Buterin proposed a new three-stage scalability vision in his latest blog post, focusing on strengthening the L1 underlying network to improve transaction processing capacity. In the short term, block verification will be optimized through parallel validation and ePBS upgrades; in the medium term, Gas fees will be restructured to enhance long-term storage costs; and in the long term, zero-knowledge proofs and Blob data expansion will be relied upon to fundamentally improve the verification architecture, ensuring the sustainable scalability of the Ethereum ecosystem.
MarketWhisper1h ago
