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Synthetix plans to shut down its Base network L2 deployment and refocus on the Ethereum Mainnet.
ChainCatcher news, the Decentralized Finance platform Synthetix announced that it will gradually discontinue all Layer-2 deployments on the Base network on July 7, 2025, refocusing on the Ethereum Mainnet, and will disable Base trading and close the LP vault. The plan will be implemented in stages. Synthetix stated that the decision to gradually discontinue its L2 deployment stems from ongoing infrastructure instability and fragmented liquidity.