Synthetix has launched the core L2 Optimistic Ethereum network | Top DeFi

Synthetix has launched the core L2 Optimistic Ethereum network

Synthetix announced that the Layer 2 Optimism scalability solution within the Ethereum scalability project, Optimistic Virtual Machine (OVM), has been implemented and launched on the L2 Optimistic Ethereum Mainnet (OΞ).

Synthetics attributed the move to the fact that "OΞ is the first scalable solution that has full cross-tier porting functionality that does not require smart contract rewrites."

This means Synthetics can run its smart contracts on OVM without any code changes.

The first transactions are done through Synthetix's decentralized exchange, which is currently running on the main OΞ network. Users can stack their own SNX protocol token for network security and profit.