I just saw that @synthetix_io is hosting a trading competition on the Ethereum mainnet on October 20, with a prize pool of up to $1 million for 100 traders. This time, it’s all about a steady yet aggressive approach, and the ceiling for perpetual trading on the mainnet is set to be redefined. Highlights of Synthetix's perpetual contract products: don’t underestimate this mainnet battle; Synthetix is not just a revival of an old project. ① Directly utilizes mainnet security, zero bridging risk ② Supports multiple collateral assets: USDT, sUSDe, cbBTC, wstETH, ETH can all be used ③ Orders are not publicly displayed, ensuring trading privacy ④ Community market maker treasury, with more decentralized earnings ⑤ Supports up to 100x leverage, allowing experts to showcase their skills Let’s emphasize performance. The mainnet DEX has always been criticized for being slow and expensive, but they achieved over 100,000 TPS with off-chain matching + on-chain settlement, with almost zero gas fees, making it feel completely different from using Ethereum. The whitelist is now open, so pay attention if you want to experience it first: 🔹 Top 20 for sUSD deposits 🔹 Top 10 for sUSDe deposits 🔹 Plus 5 lottery spots Its token $SNX has been listed on Binance spot for several years, and compared to newcomers like Aster, HYPE, MYX, which often have a FDV of 1 billion, SNX still has at least 3-5 times growth potential. Many new projects like Aster choose to pursue performance and smooth experiences with lighter Layer 2 architectures, which is certainly not wrong, but Synthetix's approach is more about solidifying the foundation of the entire mainnet ecosystem. Safety, stability, and mature mechanisms make it a foundational pillar that can support long-term narratives. Aster is exploring new boundaries, while Synthetix is continuously reinforcing trust in the mainnet. One is expanding territory, while the other is maintaining integrity with innovation. In my view, the future of DeFi perpetuals doesn’t necessarily need to be fast, but it needs to be stable. Synthetix is that old-school force that can quietly refine and reshape the perpetual track with mainnet security even in a bear market. Sometimes, true innovation isn’t about changing direction, but about taking a path to its extreme. With top-tier capital support from Coinbase, DWF, IOSG, and now the mainnet returning + 40% annualized stablecoin yield + million-dollar competition, returning to 2.5U should happen quickly.