Ethereum Name Service (ENS), a platform that simplifies crypto transactions by replacing long, complex addresses with human-friendly names, has made some significant strides. Its token gained prominence after
PayPal and
Venmo integrated the service for crypto payments, which contributed substantially to its price surge. This integration simplifies crypto transactions, allowing users to send crypto payments using ENS names, which simplifies the transaction process. New partnerships have arisen as ENS has also collaborated with browser services and
GoDaddy to connect domain names to blockchain addresses. A future plan to migrate to
Layer-2 was proposed to reduce gas fees and boost speed. A rebranding attempt also sparked a 10% price increase. An analyst suggested the price of ENS could hit a $76 target after PayPal and Venmo's integration, while another suggests a target of $120. In spite of these achievements, ENS ended its Q2 with a decrease in name registrations. ENS is considering launching its own Layer-2 and is open to building it, according to the ENS director. It's worth noting that Google discreetly added ENS to its search. Finally, ENS has brought legal action against Unstoppable Domains over a patent dispute
Ethereum Name Service News Analytics from Mon, 15 Jan 2024 08:00:00 GMT to Wed, 11 Sep 2024 18:05:15 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor 2
