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Back to Ethereum: How Synthetix, Ronin and Celo saw the light

What happened

Synthetix and Aave are making the Ethereum L1 great for DeFi again, while Ronin, Celo and Phala set up shop on L2s. In recent months, a raft of alt-L1s joined Ethereum to become L2s, even as other projects on L2s switch back to the Ethereum mainnet. The Ethereum L1 is.

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