Synthetix plans to shut down its Base network L2 deployment and refocus on the Ethereum mainnet

the decentralized finance platform Synthetix announced that it will gradually phase out all of its 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 treasury. The plan will be implemented in phases.

Synthetix stated that the decision to gradually phase out its L2 deployments stems from ongoing infrastructure instability and liquidity fragmentation.