DeFi veteran Synthetix has decided to exit Layer 2, return to the Ethereum mainnet, and launch Perps DEX. Behind this decision is Snx's reflection on its practices in the past few years: The dilemma of Layer 2: fragmented liquidity, unstable infrastructure, market attention dominated by memes and short-term narratives, making it difficult for true innovation to be implemented. 2. Undervaluation of mainnet value: Despite the prevalence of L2, the Ethereum mainnet remains a highly secure and centralized place for institutional funds, but lacks native high-performance derivatives. 3. User experience first: In the past, excessive pursuit of decentralization sacrificed usability. Now Synthetix will optimize the trading experience, possibly adopting an order book model. https://blog. ((synthetix.io))/l2s-are-dead-long-live-ethereum/ https://blog. ((synthetix.io))/synthetix-mainnet/ It's like opening a bunch of chain convenience stores, but each business is lukewarm. DeFi projects are starting to shrink their focus, and the ecological development strategy is undergoing a profound transformation. Should we shift from "running horses to enclose land" to "intensive cultivation"?..