Ethereum domain name service provider ENS has canceled plans to launch a layer-2 as part of its ENSv2 upgrade, opting instead to launch a revamped protocol directly on Ethereum.
In a blog post on Friday, ENS lead developer nick.eth explained that the decision was partly due to a “99% reduction in ENS registration gas costs over the past year” amid a number of important upgrades to the Ethereum network.
“Put simply: Ethereum L1 is scaling, and it’s scaling faster than almost anyone predicted two years ago. The recent Fusaka upgrade raised the…

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