Synthetix is launching the first perpetual futures exchange natively on Ethereum mainnet, using a hybrid model with off-chain order matching and on-chain settlement. This design breaks Ethereum’s performance limits, delivering CEX-level speed (up to 100k TPS, <50ms latency), a first for any L1 perp platform. By building on ETH mainnet instead of an alt L1 or L2, @synthetix_io taps into DeFi’s largest liquidity pool, supporting collateral like ETH, wstETH, cbBTC, and sUSDe, which also earn yield while being used for trading. Personally, I’ve been missing using sUSDe in perp trading on DEX’es, and for now you can only use USDE on Bybit.(Route 2 FI)