Back to Mainnet. Synthetix pivots strategy to launch a native Perp DEX on Ethereum Mainnet in Q4, targeting deep liquidity.
What's Happening:
Preparing launch of first perpetual DEX on Ethereum Mainnet
V3 architecture upgrade moves towards modular design
Consolidating liquidity by deprecating legacy L2 systems
Considering $27M acquisition of options platform Derive
Why It Matters: Synthetix is reinventing itself (again). Moving back to Mainnet for perps contradicts the L2 narrative but taps into the deepest liquidity pool in crypto. It's a bold bet on execution over scalability.
Technical View: $SNX is trading sub-$0.40, a dangerous zone. It has given back recent gains. The chart looks heavy, but V3 catalysts could provide a fundamental reversal trigger if execution is flawless.
🎯 Key Levels:
Support: $0.3800 | Resistance: $0.4500
24h Range: $0.3900 - $0.4200
💡 Liquidity is king, and Mainnet is the castle
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Synthetix #SNX #DeFi #Ethereum #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
