Synthetix Plans to Shut Down Its Base Network L2 Deployment and Refocus on the Ethereum Mainnet

Foresight News reports that the decentralized finance platform Synthetix announced it will gradually phase out all of its Layer-2 deployments on the Base network by July 7, 2025, refocusing on the Ethereum mainnet, and will disable Base trading and close the LP treasury. This plan will be implemented in stages.