Perpetual Contract Platform Revival: On-Chain Transfers Behind the 26-Fold Drop in Ethereum Mainnet Gas Fees

ZkSnarker · 2025-12-19T01:50:14+00:00

Synthetix announces its return to the Ethereum mainnet as Gas fees have significantly dropped to 0.71 gwei, enabling high-frequency financial applications. This shift marks the Ethereum ecosystem gradually overcoming high fee issues and suggests that more DEXs may follow suit and return to the mainnet.

ZkSnarker

2025-12-19 01:50:14

Abstract generation in progress

【ChainWen】Do you remember the era when the Ethereum mainnet was “squeezed” by sky-high Gas fees? The perpetual contract platform Synthetix recently announced an interesting decision — to return to the Ethereum mainnet.

Speaking of this shift, it dates back to 2022. At that time, Synthetix had to migrate to Ethereum’s Layer 2 solution Optimism due to prohibitively high mainnet transaction fees. Later, it gradually expanded to Arbitrum and Base. Now, founder Kain Warwick states that conditions have improved enough to make a return feasible.

Data speaks: On Wednesday, the average Gas fee on Ethereum was only 0.71 gwei, compared to 18.85 gwei during the same period twelve months ago. What does this mean? Fees have dropped nearly 26 times. This significant change makes it feasible for high-frequency financial applications to run again on the mainnet.

Warwick’s logic is clear — currently, both Layer 2 and mainnet scaling have made progress, and the key infrastructure is now capable of supporting the mainnet. More importantly, the Ethereum mainnet concentrates the most significant liquidity, assets, and collateral in the crypto world, making it the most efficient trading venue for on-chain markets.

He also predicts that other perpetual contract DEXs are likely to follow suit and return to the mainnet. Coupled with Warwick’s outlook for 2025 — which will be the most remarkable year for Ethereum since the Merge in 2022 — the demand for network builders is gaining more attention. To some extent, this return signal reflects that the Ethereum ecosystem is gradually emerging from the “high fee dilemma” and entering a new stage of development.

ETH0,74%

SNX-1,29%

OP-0,72%

ARB0,89%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
10
Repost
Share

Comment

0/400

ForkTongue

· 2025-12-21 16:24

The Mainnet gas fees have really dropped, and this time Synthetix has the confidence to come back. --- Wait, a gas fee of 0.71? What kind of divine era is this? --- Laughing to death, back then we fled to L2 like it was a disaster, and now we’re thinking about going home... Is the Ethereum Mainnet really that appealing? --- gas fees falling by 26 times? This data is a bit outrageous, we need to see how it's calculated. --- Synthetix's move this time is simply because the conditions on the Mainnet have improved; otherwise, they'd still be lying low on L2. --- 0.71 gas? I feel like something's off, is this the average or the minimum? --- Looking back at the gas wars of the past feels a bit funny now; if we return to the Mainnet, will the liquidity scatter? --- It's Synthetix again, along with optimism base arbitrum; this platform can really stir things up. --- So the key factor is still the costs; when costs are low, everything is easier to discuss, it's just a centralized play. --- If gas fees really drop this much, I need to see if I can return to the Mainnet for an experience.

View OriginalReply0

SolidityNewbie

· 2025-12-21 01:38

Damn, has the gas fee really dropped like this? Can I get a refund for the money I lost back then haha --- Wait, synthetix is returning to the mainnet? Are they planning something big? What about the liquidity on those L2s? --- 0.71 for gas? I need to wake up, this can't be a dream, right? --- It's the same old story, return to the mainnet when gas is cheap, run to L2 when it's expensive, the market is really damn realistic --- 26 times? Damn, how outrageous was it before... I really got screwed back then --- Synthetix's move this time is interesting, but whether the ecosystem is fragmented or not isn't that important, user experience is the key, right? --- Is the mainnet return just about seeking "orthodoxy"? Or is there some economic logic behind it? I can't quite figure it out --- Alright, anyway, layer2s aren't short of business, not every project has to pile onto the mainnet

View OriginalReply0

TokenomicsTinfoilHat

· 2025-12-19 21:47

Gas fees have plummeted to this extent, it's really incredible. It's also reasonable for Synthetix to return to the mainnet. --- Wait, 0.71 Gas fee? When was this a dream? I didn't feel it at all. --- The days of being tortured by vampire Gas fees are finally over. Has the transition period to Layer 2 been in vain? --- The mainnet has really recovered. This time, won't it be overwhelmed again? --- Kain seems to have a pretty good sense of timing, but how the diversification of liquidity will go depends on what happens next. --- 0.71? Why do I find it hard to believe... Let's see again. --- With perpetual contracts back on the mainnet, what signal does this send, everyone?

View OriginalReply0

BoredWatcher

· 2025-12-19 09:25

Huh, has the Gas fee really dropped to this level? Looks like the mainnet is about to turn around too --- Synthetix's comeback operation is indeed quite interesting, indicating that the ETH ecosystem is truly optimizing --- 0.71 in Gas fee sounds okay, but I’ll wait and see, don’t want another surge --- Returning from Optimism to the mainnet again, does this back-and-forth save a lot of costs? --- The shadow of sky-high Gas fees from back then has faded. Can we really consider returning to the mainnet now... --- It's quite heartbreaking that perpetual contracts care so much about Gas fees, showing that the previous costs were really unsustainable --- Just want to know if there will be new projects following suit after this comeback... --- Gas has dropped, so returning to the mainnet makes sense, but it feels a bit late --- Layer2 is all set up, and now they want to go back to the mainnet? The chain ecosystem's pattern is really a bit chaotic

View OriginalReply0

MetaMuskRat

· 2025-12-19 02:19

Gas fees have really plummeted, now the ETH mainnet can operate again.

View OriginalReply0

TokenomicsDetective

· 2025-12-19 02:14

Gas fees dropped from sky-high prices to 0.71, this change is unsustainable haha The ETH mainnet has really turned around, Synthetix's return is a sign In just a few years, has Layer2 already fulfilled its mission? Used to escape hardship, now returning home, this is proof of development

View OriginalReply0

PumpBeforeRug

· 2025-12-19 02:11

Gas fees dropped from sky-high prices to 0.71, this reversal happened way too quickly.

View OriginalReply0

CodeSmellHunter

· 2025-12-19 02:02

Gas fees have dropped from sky-high levels, and the mainnet can finally breathe Synthetix returning to the mainnet? It seems that L2 has indeed been worth the effort over these years The once sky-high gas fees back then were truly incredible; now the current price of 0.71 is really attractive Mainnet regains favor, is the L2 bonus period over? Gas fees plummeted 26 times; ETH mainnet has turned the corner Back to the mainnet? It still depends on the subsequent gas price trends

View OriginalReply0

SchrodingersFOMO

· 2025-12-19 01:57

Gas fees dropped from sky-high prices to 0.71, the speed of this reversal is truly incredible. Wait, is Synthetix really going back to the mainnet? What about the liquidity on Layer2? Is the era of mainnet revival here, or is it just another scam to cut leeks? Returning to the mainnet doesn't mean the ecosystem is alive; it still depends on whether users buy in.

View OriginalReply0

MeaninglessGwei

· 2025-12-19 01:56

Gas fees have dropped so much, Synthetix really can't hold back anymore. The contracts have already been deployed, now they're going back to their original chain. This move is a bit extreme. 0.71 gwei? Damn, what kind of divine number is this? I went bankrupt in 2022. Wait, is this really usable or are we about to be sanctioned by network congestion? Kain, this guy says it can come back? I don't believe you.

View OriginalReply0