Gate News Bot Report, February 14 — According to CoinMarketCap data, ENS (Ethereum Name Service) is currently priced at $6.68, up 15.55% in the past 24 hours. The highest price reached $7.16, while the lowest dipped to $5.41. 24-hour trading volume is $112 million. The current market capitalization is approximately $255 million, an increase of $34.3 million from yesterday.
ENS is an identity protocol for Web3 designed to convert complex crypto addresses into simple, memorable names. ENS names serve as identity identifiers in Web3, offering concise, easy-to-remember names that maintain consistency across internet platforms. Users have full ownership of their ENS names without intermediaries, fully in control. ENS is governed by a community-driven nonprofit organization dedicated to building a better internet. The platform now has over 630,000 domain owners and 1.34 million domains, with deep collaborations with partners like Rainbow, Brave, GoDaddy, Etherscan, Uniswap, and more, achieving over 600 integrations.
Recent Important ENS News:
1️⃣ Namechain L2 Development Plan Adjusted, Focus Shifts to Ethereum Mainnet Development
ENS Labs has officially shelved its original independent expansion plan for Namechain L2 and decided to focus entirely on developing ENSv2 on the Ethereum mainnet. Previously, ENS planned to collaborate with Linea to develop Namechain as a dedicated Layer 2 network, but this strategy has been abandoned. This adjustment reflects a reassessment of the project’s technical direction, shifting toward a more stable mainnet integration approach.
2️⃣ Cautious Attitude Toward Layer 2 Networks Drives Strategic Reassessment
As the Ethereum ecosystem’s understanding of Layer 2 risks deepens, ENS Labs has reevaluated its expansion route. The project conducted an in-depth risk assessment of Layer 2 solutions and ultimately chose to upgrade and optimize the ENS system on the Ethereum mainnet. This decision underscores a focus on ecosystem security.
3️⃣ Ecosystem Integration Continues to Expand, Supporting Fundamentals
ENS has integrated with over 600 applications, maintaining high levels of domain ownership and domain counts. The extensive ecosystem partner network and growing on-chain applications provide stable fundamental support, strengthening ENS’s position as a Web3 identity infrastructure.
This message is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain whale withdrew 11,999 ETH from a CEX after remaining silent for a month and transferred it to staking.
Gate News reported on March 26 that according to Onchain Lens monitoring, a certain whale withdrew 11,999 ETH (approximately $26 million) from a CEX after remaining silent for about one month and transferred it to staking. Currently, the whale holds 22,618 ETH (approximately $49 million) and is in a profitable state with unrealized gains of approximately $1.2 million.
GateNews15m ago
Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts
Citigroup has lowered its 12-month price targets for Bitcoin and Ethereum, signaling a shift toward caution on the cryptocurrency market's medium-term outlook, primarily due to slow progress in U.S. crypto asset legislation. Bitcoin's target was reduced from $143,000 to $112,000, while Ethereum's fell to $3,175. Despite upside potential remaining in the future, the lack of new policy catalysts suggests prices may oscillate within a range in the near term. Citigroup's assessment of Ethereum is more cautious, as it believes the asset is more significantly impacted by on-chain activity.
区块客23m ago
Alleged Bitmine-Associated Address Receives 50,000 ETH from FalconX, Worth $108 Million
Gate News reports that on March 26, according to Onchain Lens monitoring, a wallet address (0xA17...7dc9) suspected to be related to Bitmine received 50,000 ETH from institutional trading platform FalconX, valued at approximately $108.37 million based on current prices.
GateNews40m ago
BitMine Announces Launch of Institutional-Grade Ethereum Staking Platform MAVAN
BitMine announces the launch of MAVAN, an institutional-grade Ethereum staking platform that supports validator infrastructure for both internal and external clients. The platform is expected to expand to more ETH assets, combining U.S. and global infrastructure. Recently staked 101,776 ETH, with projected annual returns approaching $300 million.
BlockBeatNews57m ago
