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

ChainCatcher reports that the decentralized finance platform Synthetix announced it will gradually phase out all 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. Synthetix stated that the decision to gradually withdraw its L2 deployments stems from ongoing infrastructure instability and liquidity fragmentation.