Synthetix deploys first perpetuals protocol on Base
Synthetix’s deployment of V3 Perps on Base allows developers on the Ethereum L2 blockchain to create and launch their own crypto perpetuals products. V3 Perps on Base will help Synthetix generate more trading volume for its perps across the Ethereum ecosystem. Synthetix (SNX), a decentralized marketplace for crypto derivatives and real-world assets, has deployed the V3 of its perpetuals contracts protocol on Base. In an announcement on Wednesday, the platform said Perps V3 will offer developers direct access to the product solutions and liquidity needed when launching crypto perps. Synthetix targets increased trading in Ethereum ecosystem The deployment of Perps V3 makes Synthetix the first protocol to bring a major perpetuals contracts product to the Ethereum Layer-2 blockchain, the platform said in a press release. With this launch, both Base and Coinbase ecosystem traders now have an easier way of experimenting with Synthetix -powered exchang...