sRUNE (SRUNE), Synthetix Network (SNX) - Tech Update - 14 Jun 2025

sRUNE (SRUNE), Synthetix Network (SNX) - Tech Update - 14 Jun 2025

Synthetix plans to end trading and liquidity providing (LP) on Base, focusing fully on Ethereum's main network (L1). This change could lower activity for SRUNE and SNX tokens in short term, since users must move funds. Removing from Layer 2s can also signal less confidence in those solutions. But strong support for Ethereum can be seen as positive for stability. The price effect depends on how users react—some may sell, while others might trust the renewed L1 focus. Big moves are possible in either direction. More information is available here.L2s are dead. The experiment is over. Synthetix is going all-in on L1.As we shift focus back to Ethereum, Synthetix will sunset trading on Base and close LP vaults.If you are currently trading or LPing, here are the details you need.: ️

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