ENS Labs Proposes Layer-2 Expansion for Ethereum Name Service

On May 28, ENS Labs proposed that the Ethereum Name Service expand to layer-2 scaling protocols in an effort called “ENSv2.”

“The release of EIP-4844 has made layer 2 networks based on Ethereum vastly more affordable and scalable, which was a big driving factor for ENS’s proposal,” said Head of Product and Strategy at ENS Labs, Eskender Abebe. ENS has almost doubled in price over the past fortnight; however, it has surged from around $14 in mid-May to hit a three-month high of just under $28 earlier this week.

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