Ethereum Name Service (ENS) has been in the spotlight recently, gaining significant attention due to a series of favorable developments. Renowned payment processors,
PayPal and Venmo, have integrated ENS support, providing a substantial boost for mainstream crypto adoption. This integration enables users to transfer crypto using human-readable blockchain names, simplifying the process significantly. With South Korean Exchange Upbit also adding ENS support, the token has seen its
price surge, hitting a
top spot among the monthly gainers in the crypto market.ENS is not just making waves in the payment industry. Pioneering ideas from its developers are pushing the boundaries further. Plans are underway for ENS to build its
own Layer-2 to help reduce
gas fees and improve speed. These innovative moves could
boost ENS's price even more in the coming years. Further endorsement also comes from
Ethereum co-founder, Vitalik Buterin, who called ENS 'super important'.Regarding partnerships, some have proven to be quite strategic. ENS recently partnered with web domain registrar,
GoDaddy, to link domains with crypto wallets, paving the way for user-friendly web domains.
Coinbase is introducing an ENS-powered naming service, further enhancing the visibility and adoption of ENS.However, despite the notable network growth, ENS price trends seem to lag at times. Despite this, the token continues to hold the community's enthusiasm. It's also benefited from rebranding news,
price predictions are bullish, and analysts predict a strong rally in the future.
ENS Coin News Analytics from Tue, 09 Nov 2021 08:00:00 GMT to Tue, 17 Sep 2024 14:06:48 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 8
