💎 Synthetix ( $SNX ): Coming Home
Market capitalization: $534 million.
Synthetix has made a landmark move – returning its decentralized perpetual futures exchange to the Ethereum mainnet.
🟡 This is the first Layer 1 launch after two years of operating on Layer 2 networks (Optimism, Arbitrum, Base).
Why is this important❔
🗣In 2022, Synthetix left the Ethereum mainnet due to high fees. But times have changed: the Fusaka upgrade and lower gas prices have made Layer 1 attractive again for high-frequency trading.
🗣The new architecture uses off-chain order matching with on-chain settlements. Funds remain on Ethereum, trades settle on L1, and withdrawals happen permissionlessly. This provides low latency while maintaining security.
🗣The launch started in closed beta testing for 500 selected users. Bitcoin, Ethereum, and Solana markets are available with leverage up to 50x. Deposit limit is $40,000 USDT per user. Withdrawals will open approximately one week after analyzing deposit behavior.
🗣The team promises weekly opening of new markets, increased leverage limits, and additional features in the coming months. Founders Kain Warwick and Jordan Momtazi have returned to active management.
What's next❔
💬 The 2026 plan includes multi-tier collateral, new order types, real-world asset markets, and deep integration with DeFi applications.
💬 Synthetix is betting that capital and serious traders concentrate where storage, settlements, and asset pooling capabilities are strongest – and that's Ethereum.
Trading guidelines:📈 📉
📈 Growth above $0.43 – opens the way to $0.49.
📉 Fall below $0.38 – risk of correction to $0.36.
Conclusion:
SNX is returning to its roots with improved infrastructure. If the product takes off, the token could show strong growth
📈 Open trade with $SNX
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