Synthetix will gradually end deployment on the Base network and refocus on the Ethereum mainnet

BlockBeats news, on June 14th, according to official sources, Synthetix announced that it will gradually phase out its Layer 2 deployment on the Base network, refocus on the Ethereum mainnet, and will discontinue Base trading and close LP vaults. The plan will be carried out step by step. Synthetix stated that the decision to gradually phase out its L2 deployment was due to ongoing infrastructure instability and fragmented liquidity.