- February 9, 2026
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Citing a 99% drop in gas fees and upcoming Ethereum scaling, the project will now deploy its ENSv2 upgrade directly on Ethereum.
Ethereum domain name service provider ENS has canceled plans to launch a layer 2 as part of its ENSv2 upgrade, instead opting 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 gas limit to 60 million, a 2x increase from the beginning of 2025,” nick.eth said, adding:
