Synthetix shifts focus to Base, while closing perps markets on Arbitrum

#Synthetix $SNX has announced the closure of its perps markets on #Arbitrum $ARB , transitioning to a "close-only" mode where new positions cannot be opened. This decision aligns with the project's strategic shift to focus on #Coinbase 's #Base network. As part of the change, Arbitrum's #USDx will be managed by the Synthetix Treasury, which is purchasing USDx from the market to maintain liquidity.