Synthetix plans to shut down its Base network Layer 2 deployment and refocus on the Ethereum mainnet.

MetaEra news, June 14 (UTC+8) – On June 14, decentralized finance platform Synthetix announced that it will gradually phase out all its Layer-2 deployments on the Base network by July 7, 2025. The platform will refocus on the Ethereum mainnet, cease Base trading, and shut down the LP vaults. This plan will be implemented in stages. Synthetix stated that the decision to phase out its L2 deployments stems from ongoing infrastructure instability and liquidity fragmentation. (Source: TechFlow)