Foresight News reports that ENS founder nick.eth announced that ENSv2 will be deployed directly on the Ethereum mainnet and the development of its proprietary Layer 2 network Namechain will be halted. The decision was driven by the faster-than-expected expansion of Ethereum L1, and after the Fusaka upgrade in 2025 increased the Gas limit to 60 million, ENS registration Gas costs have decreased by 99% over the past year, with the average registration fee dropping below $0.05. nick.eth stated that although development of Namechain has stopped, the roadmap for ENSv2 remains unchanged, and users will still experience features such as single-step registration, support for cross-chain stablecoin payments, and a brand-new registry design. The ENS team believes that staying on L1 can eliminate the additional trust assumptions brought by L2 and leverage Ethereum’s strongest infrastructure guarantees. Currently, the new ENS App and ENS Explorer have opened public Alpha testing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The whale "pension-usdt.eth" has reduced its BTC short position to 705 coins, with a current unrealized profit of $100,000.
Gate News Report, March 7 — According to HyperInsight monitoring, the whale address "pension-usdt.eth" has been continuously reducing its BTC short positions over the past 30 minutes. Currently, this address is short 705 BTC with 3x leverage, with an average entry price of $68,182.7, and a current unrealized profit of $100,000.
GateNews14m ago
Crypto Social Trends: Bitcoin and Ethereum Drive Conversation Across Layer-1 Ecosystem
According to a new crypto social activity report by Phoenix Group, the performance of large Layer-1 blockchain networks in online conversations and engagement is rising. The ranking, released on March 6, 2026, prioritizes the most active blockchain ecosystems in terms of social interactions and
BlockChainReporter2h ago
Ethereum Price Holds Key Support: Is $2,200 the Next Test for ETH?
March 6, 2026 7:15 pm EST
TheCoinRepublic4h ago
Culper Research Shorts ETH, Says Ethereum Price Is Going Down
March 6, 2026 10:15 pm EST
TheCoinRepublic4h ago