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Ethereum Name Service (ENS) emerged as the top-performing cryptocurrency in the past 24 hours, climbing by an impressive 45%. This surge pushed ENS to price levels unseen since January 2022, while its market capitalization surpassed the $1 billion mark for the first time in nearly five months.
Ethereum Name Service has surged to hit a two-year-high. ENS hiked by 41.49% over the past 24 hours.
Story Highlights The ENS price soars ~45% and reclaims the $35 mark. Technical indicator EMA 50/200-day experience a Golden Cross in the daily time frame. Sustained bullish action could push the price toward the $40 mark this week. With a 314.
Coinbase CEO Brian Armstrong's endorsement of ENS as an essential component of the “Internet of Money”.
ENS, the native token of Ethereum Name Service, a decentralized naming system, has seen a sharp price increase, surging by 37% in the past 24 hours. This performance makes it the top gainer among the top 100 cryptocurrencies.
Ethereum Name Service (ENS) price has skyrocketed by 41% in just 24 hours, now trading at $35.
Ethereum Name Service (ENS) and Ethena (ENA) turned up as the biggest gainers in the crypto market over the last 24 hours while Bitcoin (BTC) took another chance to hit $100k. Major altcoins like Ethereum (ETH) and XRP also rallied over 4% as the market sentiments remained “Extreme Greed”.
The cryptocurrency market today has surged by 3.65% in the past 24 hours, bringing the total market capitalization to $3.31 trillion. Despite a 10.08% drop in trading volumes to $202.15 billion, market sentiment continues to remain bullish, as reflected in the Fear & Greed Index, which stands at 84, indicating extreme greed.
Although the crypto markets appear to have entered the bull run phase, the bears tend to extract some profit at frequent intervals. A similar pullback occurred in the past couple of days, which offered the bulls a relaxation period and the recent rebound suggests the bulls are getting back in action.
The cryptocurrency market today continues on an upward trajectory, reflecting strong bullish sentiment. Bitcoin (BTC) price surged past $96,000 in the past 24 hours.
ENS' transaction count and velocity were bullish - a sign of increased market activity.
Ethereum Name Service Founder Nick Johnson discussed the launch of Namechain, ENS Labs' own ‘L2-agnostic' rollup.
On Monday, the crypto economy nudged upward by 1.46% over the last 24 hours, reaching a hefty $3.35 trillion. While bitcoin (BTC) and ether (ETH) maintained their usual pace, a few standout digital assets stole the limelight.
ENS is like your online phonebook, giving you your own “domain” name that you can use in the world of blockchain. Now, the team behind ENS is taking things up a notch by building a new network called “Namechain.
ENS Labs, the organization behind Ethereum Name Service (ENS), has revealed a Layer-2 solution to boost the scalability of blockchain-based identities.
TL;DR ENS Labs plans to launch its own Layer 2 network called Namechain by the end of 2025. Namechain will focus on interoperability and offering cheaper access to ENS. The project is part of the ENSv2 initiative to expand ENS on Ethereum Layer 2 networks.
Ethereum Name Service (ENS), one of the most established solutions for digital identity on blockchain, is preparing for a major update. ENS Labs, the organization behind ENS, has announced the intention to launch a dedicated Layer-2 network called “Namechain”, based on zero-knowledge rollup (zk-rollups) technology.
ENS Labs, the team behind the Ethereum Name Service (ENS), is moving forward with plans to launch a dedicated layer-2 network called Namechain.
ENS Labs announced plans to launch "Namechain," a layer-2 blockchain using zero-knowledge rollups, scheduled for late 2025 release, aimed at reducing transaction costs while maintaining security for their domain naming service.
ENS Labs has introduced “Namechain,” a new Ethereum layer 2 solution designed to enhance scalability and accessibility for blockchain-based identity. The post ENS Labs Unveils ‘Namechain' Ethereum Layer 2 Solution to Scale Blockchain Identity appeared first on Cryptonews.
Ethereum's ENS work similar to web addresses that simplifies wallet addresses. For instance, Vitalik Buterin uses “Vitalik.eth” instead of a long address.
Namechain is designed to prioritize interoperability and allow users to start ENS from 'any L2 network.'
ENS Domains has announced the launch of Namechain, a purpose-built Layer 2 solution that marks a significant evolution in the Ethereum Name Service (ENS) ecosystem. This development is part of the broader ENS v2 initiative, aimed at reducing costs and enhancing performance for users.
The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.
