DeFi derivatives protocol Synthetix is returning to the Ethereum Mainnet after a three-year stint on various Layer-2 networks. The move comes as a response to fragmented liquidity that saw its native token, SNX, fall approximately 83% since late 2024. This strategic shift signals renewed confidence in Ethereum’s ability to handle high-speed financial applications, a development that could reshape the DeFi landscape. Why is Synthetix Leaving Layer-2s? For years, high transaction fees on Ethereum pushed c ...