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
ETH short-term increase of 1.52%: USDC large-scale burning and macro hedging sentiment resonate to boost buying interest
2026-03-02 15:30 to 15:45 (UTC), ETH price surged rapidly, with short-term returns reaching +1.52%. The fluctuation range was from 2021.82 to 2062.76 USDT, with an amplitude of 2.02%. This abnormal movement attracted widespread market attention, and volatility increased significantly.
The main driver of this abnormal movement was the recent large-scale USDC Treasury burn event on the Ethereum mainnet. On January 29, 2026, 50 million USDC were burned, leading to a contraction in stablecoin circulation and accelerating the adjustment of the capital structure within the ecosystem. Some on-chain liquidity
GateNews53m ago
Vitalik Pushes Ethereum Redesign Past Layer 2 Focus
Vitalik Buterin proposes EIP-7864 to enhance Ethereum's scalability by replacing the hexary Merkle Patricia tree with a binary tree, reducing proof size and costs. He also suggests a shift towards a RISC-V-based execution engine to improve efficiency, though critics warn of increased complexity and potential vulnerabilities.
CryptoFrontNews54m ago
"Maqi" re-enters with a 25x leverage to go long on ETH, liquidation price at $2013
BlockBeats News, March 2nd, according to Hyperinsight monitoring, after a strong rebound in the market, "Big Brother Magi" Huang Licheng entered the market again to roll and go long. He has opened a 25x long position, holding 355 ETH, with a position size of $729,000. The entry average price was $2,005, and the liquidation price is $2,013.
GateNews54m ago
ETH Breaks Through 2050 USDT
Gate News bot message, Gate market display, ETH breaks through 2050 USDT, now priced at 2050.16 USDT.
CryptoRadar1h ago
Ethereum Price, BitMine Shares Jump as Tom Lee's Treasury Reports Latest Buy
BitMine Immersion Technologies has invested an additional $103 million in Ethereum, now holding 3.71% of the circulating supply. Despite significant unrealized losses, shares surged 8% as Ethereum rebounds. The firm anticipates increased revenue from staking its ETH holdings.
Decrypt1h ago
