Crypto:
32170
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$90.420
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BTC Dominance:
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Market Cap:
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Fear & Greed:
84 / 100
Bitcoin:
$ 90.420
BTC Dominance:
% 60.0
Market Cap:
$2.96 T

ENS Labs Announces Its New Layer 2!

Ens Labs

The organization behind Ethereum Naming Service (ENS), ENS Labs, announced today the launch of its own Layer 2 network called Namechain. Namechain is expected to go live by the end of 2025.

ENS, developed by ENS Labs, is a decentralized naming system on the Ethereum blockchain that provides readable names for crypto addresses, similar to the Domain Name System (DNS). Now, ENS Labs is rolling out a Layer 2 solution called Namechain to enhance the user experience.

During the “frENSday” event in Bangkok, ENS co-founder Jeff Lau stated, “In the sector, the success of rollups is usually measured by TVL. However, we don’t need to prioritize TVL; ENS already has users, and we can focus on features that other Layer 2 networks can’t offer.” Lau emphasized that Namechain focuses on L2-L2 bridging integration and will enable users to make payments through the Layer 2 network they choose while bridging.

According to ENS Labs, Namechain, built on zero-knowledge technology, will maintain Ethereum’s security at a lower cost and manage transactions outside the main Ethereum network. The launch of Namechain is expected by the end of 2025.


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