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
Grayscale transferred 8,136 ETH to a certain CEX about 2 hours ago, worth approximately $17.5 million
Gate News update: On April 6, according to Arkham monitoring, 2 hours ago, Grayscale transferred 8,136 ETH to a certain CEX, worth approximately 17.5 million USD.
GateNews38m ago
ETH short-term rises 0.59%: large funds clustered buying drives it, and liquidity shocks amplify volatility
From 14:15 to 14:30 (UTC) on 2026-04-06, the ETH price realized a return of +0.59%. It traded within the USDT 2142.15 to 2165.93 range, with an amplitude of 1.11%. The short-term rise was accompanied by a clear increase in trading volume; market attention improved, and real-time sentiment showed bullish/positive buying pressure, with volatility intensifying.
The primary driver of this unusual move is that a large amount of capital entered and concentrated in the market in a short period of time. On-chain data shows that during this window, the total trading volume across ETH’s main trading pairs increased by about 20%, and many individual orders were greater than 500 ETH; the indicators are significant.
GateNews1h ago
BitMine position update: holds over 4.8 million ETH and 198 BTC, with total assets of $11.4 billion
BitMine released a holdings update on April 6. The total value of its crypto assets and moonshots reached $11.4 billion. It holds ETH, BTC, and multiple equity positions, and has been approved to upgrade from NYSE American to the NYSE main board. The stock will begin trading in the new market on April 9.
GateNews3h ago
Financial and Crypto Expert Reveals Two Reasons to Be Bullish on Ethereum Over Bitcoin
Financial and crypto expert reveals two reasons to be bullish.
Specifically, he says he is more bullish on Ethereum over Bitcoin.
He states that an ETH investment now could be the best investment ever.
The crypto community has been debating the pros and cons of Bitcoin and altcoins
CryptoNewsLand5h ago
Crypto Market Sees Wider Rebound As $ETH and $BTC Lead Gains Despite Fearful Sentiment
The crypto market experienced a 2.23% gain, reaching a $2.36T market cap, with Bitcoin and Ethereum rising 3.17% and 3.78%, respectively. Notable gainers included $TRUMP, $GROK, and $MAGA. DeFi TVL increased by 1.72%, while NFT sales rose 5.79%. HypurrFi warned users of domain hijacking, and Apple removed Bitchat from China.
BlockChainReporter5h ago
