Golden Finance reports that the perpetual contract trading platform Synthetix is returning to the Ethereum mainnet. Its founder stated that after years of network congestion forcing derivatives trading activities to migrate to other networks, Ethereum is now fully capable of supporting high-frequency financial applications.
Synthetix founder Kain Warwick said in an interview on Wednesday, “When perpetual contract DEXs started to emerge, the Ethereum mainnet was too congested, but now we can start over.”
He also added, “It’s somewhat incredible that there has never been a true perpetual contract DEX on the mainnet.” He explained that after the migration of perpetual contract DEXs, the decline in demand combined with Ethereum’s ongoing scalability improvements have made the Layer 1 network of Ethereum viable again.
“This is definitely the best place to run perpetual contract DEXs,” he said.
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