ENS has scrapped its long-planned Namechain and is deploying ENSv2 directly back to Ethereum mainnet.
An Odaily article quoted ENS co-founder Nick Johnson as saying that Ethereum L1 is scaling much faster than expected two years ago. Data disclosed by ENS Labs shows that as the gas limit has increased, the average gas cost of registering a domain name has fallen from nearly $5 to less than $0.05 over the past year—a drop of about 99%. The article also cited cases of Synthetix, Trueo, and Superseed choosing L1 again, as well as Blast gradually winding down operations and Abstract set to shut down its network in December.
· The cost decline and projects returning are verifiable changes;
· Whether this marks a turning point in the mainnet value proposition is the article’s analysis.
When deciding whether a project should return to mainnet, would you first calculate infrastructure costs or look at ecosystem liquidity?
An Odaily article quoted ENS co-founder Nick Johnson as saying that Ethereum L1 is scaling much faster than expected two years ago. Data disclosed by ENS Labs shows that as the gas limit has increased, the average gas cost of registering a domain name has fallen from nearly $5 to less than $0.05 over the past year—a drop of about 99%. The article also cited cases of Synthetix, Trueo, and Superseed choosing L1 again, as well as Blast gradually winding down operations and Abstract set to shut down its network in December.
· The cost decline and projects returning are verifiable changes;
· Whether this marks a turning point in the mainnet value proposition is the article’s analysis.
When deciding whether a project should return to mainnet, would you first calculate infrastructure costs or look at ecosystem liquidity?
