ENS Cancels Namechain L2 Plans Amid Ethereum Scaling Developments

ENS has scrapped its Namechain L2 initiative, opting to launch ENSv2 directly on Ethereum due to significant advancements in gas fees and scaling.

In a significant shift, the Ethereum Name Service (ENS) has decided to abandon its plans for the Namechain Layer 2 solution. The decision comes on the heels of a remarkable 99% reduction in gas fees and promising updates related to Ethereum's scaling capabilities.

Instead of pursuing the Layer 2 project, ENS will focus on implementing the ENSv2 upgrade directly on the Ethereum blockchain. This strategic pivot highlights the evolving landscape of Ethereum, where enhancements in transaction efficiency are altering the framework for decentralized services.