Synthetix will gradually phase out deployment on the Base network and refocus on the Ethereum mainnet.

BlockBeats news, on June 14, according to official information, Synthetix announced it will gradually withdraw its Layer 2 deployment on the Base network, refocusing on the Ethereum mainnet, and will disable Base trading and close the LP vault. This plan will be implemented in phases.

Synthetix stated that the decision to gradually withdraw its L2 deployment stems from ongoing infrastructure instability and liquidity fragmentation.