Synthetix to Launch Perp DEX on Ethereum Mainnet — $1M Trading Competition for Stress Test

Synthetix has announced plans to deploy a perpetual contract decentralized exchange (Perp DEX) on the Ethereum mainnet. To validate protocol resilience ahead of go‑live, the team will stage a structured trading competition as an on‑chain stress test, inviting experienced market participants to probe liquidity, order matching, gas dynamics and risk parameters. The exercise is intended to identify operational issues and calibrate the platform’s incentive structure; the verified top performer will receive a $1 million prize. Market participants can expect transparent reporting on throughput, slippage and settlement efficiency as part of the official disclosures accompanying the event.