Synthetix has announced the approval of STP-17 and STP-18, allowing Synthetix Perps to expand to Solana and Sui. STP-17 focuses on the SUI Perps Working Group, while STP-18 concentrates on the Solana Perps Working Group. These working groups are already in motion to initiate Synthetix Perps on new chains.

Sui has corroborated this development by sharing the news on X, labeling it as breaking news and heralding Synthetix's integration into its network. Sui's confidence in this development is palpable, as it views Sui/Move as a robust contender for the future growth of perps trading. It has pledged to enhance DevEx tooling and provide a seamless UX for an improved onboarding experience.

Details regarding the release and implementors of STP-17 and STP-18 will be disclosed shortly.

This announcement has instilled optimism within the respective communities; however, this sentiment has yet to manifest in their native tokens. SUI has seen an 8.13% decline in the last 24 hours, trading at $1.78 as of the drafting of this article. SNX has also experienced a 7.08% drop within the same timeframe, exchanging hands at $4.13 presently. Additionally, SOL has retraced to approximately $181, marking an 8.04% slip in a single day.

Synthetix recently revealed its plans to integrate with Arbitrum following the approval of SIP-367 by Synthetix Governance. This enables the community to provide liquidity and prepare for Perps V3.

The deployment plan entails a phased rollout, with the pre-launch preparation deployment as the initial phase. This involves conducting risk assessments and analyzing discrepancies between existing ecosystem deployments and those on Arbitrum. Subsequently, the beta launch will see the deployment of Synthetix V3 Omnibus on the network to activate LP deposits and stablecoin minting.

The subsequent steps include LP ramp-up, collateral onboarding, and the activation of Synthetix Perps.

Meanwhile, Sui is supporting the CTF (Capture the Flag) security challenge, where the top three teams stand a chance to win a portion of 3,888 SUI tokens. This challenge has been developed in collaboration with Zellic and OtterSec.

Solana has joined forces after garnering support from CoinTracker for its transactions, which will now facilitate the categorization of transactions without manual intervention. Additionally, it is anticipating submissions for the Solana Renaissance Hackathon as the event approaches its final stage.

The collaboration between Synthetix, Sui, and Solana is a significant milestone, signifying the potential for partnerships on the horizon that redefine innovation. The approval of two proposals by the community opens the door for Synthetix Perps to enter the ecosystems of Sui and Solana through STP-17 and STP-18, respectively, paving the way for further innovation in the ecosystem.