A long-standing DeFi protocol established in 2017 and actively choosing to go all-in on rollup in 2021 is now planning to "escape" from layer 2 back to the mainnet, and the information behind this is indeed significant: 1) Synthetix's "major retreat" directly throws cold water on the entire layer 2 narrative. Initially, everyone rushed to various rollups to build with the promise of "low gas fees", but what happened? Users simply aren't buying it, transaction volumes aren't increasing, TVL isn't growing, and liquidity is being diluted and fragmented. The generalized stacking of various layer 2 solutions has not achieved the expected scaling strategy, and instead has become a burden for the mainnet? 2) Synthetix's choice to return to the mainnet at this time focuses on a market-overlooked blank space: while derivative DEXs are blooming across various rollup layer 2 platforms, Ethereum mainnet, as the platform with the strongest security consensus, lacks a long-standing perps platform that continuously adapts to mainnet performance and follows its development. The logic is simple: if the mainnet is focusing on layer 1 performance optimization, how much can old DeFi protocols expect from a layer 2 application explosion? 3) This is likely a landmark event signaling a shift in DeFi industry development thinking. In the past, pursuing comprehensive multi-chain coverage led to liquidity fragmentation, user experience fragmentation, and soaring operational costs. Now, they are beginning to actively contract their lines and focus on creating extreme products in core markets. It's not hard to understand: rather than being mediocre across more than ten chains, why not compete for first place on the most important chain?

To put it bluntly, he just couldn't do it anymore. In 2021, it was the top derivative on the entire network in terms of TVL and volume, but now it's not even on the first page. The only significance is that it made the Warwick family a powerful lord.

He didn't reflect on himself, he just said he was tricked by the layer2 strategy.

I went to do infiniex, knowing that snx can't be saved

Is it possible to revitalize SNX through @infinex, using sUSD as a medium? The Infinex project seems to be quite popular.

The problem is that

He didn't do it well himself and he still blames L2😂

Synthetix was initially cultivated by OP gathering all its strength, and later developed new products. However, from a user perspective, it was because the implementation was poor, too complicated, and the product mechanism was overly complex. For example, the name itself. I don't even know how to pronounce it. Unrelated to Layer2, it only concerns itself.

I was also recommended by a friend. It looks very similar to what particle does, but the amount of funds is larger, so the market may have expectations of making money.