Ethereum area identify service supplier ENS has canceled plans to launch a layer-2 as a part of its ENSv2 improve, opting as a substitute to launch a revamped protocol immediately on Ethereum.
In a weblog put up on Friday, ENS lead developer nick.eth defined that the choice was partly attributable to a “99% discount in ENS registration fuel prices over the previous 12 months” amid a lot of vital upgrades to the Ethereum community.
“Put merely: Ethereum L1 is scaling, and it is scaling sooner than virtually anybody predicted two years in the past. The current Fusaka improve raised the fuel restrict to 60 million, a 2x enhance from the start of 2025,” nick.eth stated, including:
“Now Ethereum core builders are concentrating on 200 million fuel restrict targets in 2026, a 3x enhance from right now, and that is earlier than any ZK upgrades land.”
The Fusaka improve, probably the most current Ethereum upgrades that went stay in early December, has helped Ethereum drive down fuel charges attributable to its vital scaling capabilities for each the L1 and the ecosystem of L2s.
ENS initially introduced its L2 Namechain in November 2024, stating that it will make it simpler and cheaper for customers to register domains by means of rollups.
Nick.eth emphasised that the context has modified dramatically and that it’s now viable to construct immediately on L1 somewhat than go for a full-fledged L2 to cut back prices.
“Large L1 scalability was not a part of the Ethereum roadmap, and the message was clear that L2s had been the best way ahead. We would have liked to fulfill our customers the place the ecosystem was heading, and that meant constructing Namechain,” he stated.
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With plans for Namechain now gone, the ENS lead developer famous that the mission remains to be engaged on vital efficiency and utility enhancements by way of ENSv2, whereas the protocol will stay extremely interoperable with L2s.
“The overwhelming majority of our engineering effort has gone into ENSv2 itself: the brand new registry structure, the improved possession mannequin, higher dealing with of identify expiration, and the flexibleness that comes from giving every identify its personal registry,” he stated, including:
“Deciding to remain on L1 doesn’t suggest we’re closing the door on L2s fully. The pliability of the ENSv2 structure makes L2 names extra interoperable. Our new registration circulate abstracts the complexity crosschain transactions.”
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