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
Today, the US Bitcoin ETF experienced a net inflow of 1,292 BTC, while the Ethereum ETF saw a net outflow of 57,543 ETH.
PANews February 23 News, according to Lookonchain monitoring, today the US Bitcoin ETF saw a net inflow of 1,292 BTC, with a 7-day net outflow of 4,459 BTC; Ethereum ETF experienced a net outflow of 57,543 ETH, with a 7-day net outflow of 65,691 ETH; Solana ETF saw a net inflow of 39,169 SOL, with a 7-day net inflow of 166,521 SOL.
GateNewsBot32m ago
Whale 0xF4EE Resumes ETH Sales After Brief Pause, Deposits $24.94M to CEX
Gate News bot message, Following a 5-day silence, whale address 0xF4EE has resumed selling ETH, depositing 13,249.5 ETH (valued at $24.94M) into centralized exchanges 4 hours ago.
This activity follows a previous transaction reported by Lookonchain on February 19, 2026, where the same whale deposit
GateNewsBot1h ago