Buterin’s Endorsement: ENS And Ethereum’s Future<\/strong><\/h2>\nWith Buterin calling ENS “super important”, the project’s potential influence on the Ethereum community and the decentralized web is clear.<\/p>\n
The endorsement of Buterin frequently acts as a catalyst for increased interest and investment in the cryptocurrency and blockchain industries, where his words carry considerable weight.<\/p>\n
\nAll L2s should be working on (trustless, merkle-proof-based) CCIP resolvers, so that we can have ENS subdomains registerable, updateable and readable directly on L2s.<\/p>\n
ENS is super-important, it needs to be affordable!https:\/\/t.co\/Ice1lTttFE<\/a><\/p>\n\u2014 vitalik.eth (@VitalikButerin) January 3, 2024<\/a><\/p><\/blockquote>\nThe Ethereum Name Service initiative offers a decentralized domain name system and is renowned for its contribution to the Ethereum ecosystem’s user experience simplification and improvement.<\/p>\n
ENS simplifies blockchain interactions by linking human-readable names to complex Ethereum addresses, thereby increasing accessibility and user-friendliness.<\/p>\n
The current value of the ENS token<\/a>, according to the most recent update, is around $14.37, representing a significant increase of 40% over the past 24\u00a0hours.<\/p>\nNotably, the token has maintained a robust 50% increase over the past week, accumulating an impressive market capitalization of around $423.20 million.<\/p>\n
![](\"https:\/\/www.tradingview.com\/x\/Gtp5Tpj9\/\")
ENSUSD currently trading at $15.596 on the daily chart: TradingView.com<\/a><\/pre>\nDuring the same 24-hour period, the trading volume of the ENS token reached an impressive value of over $360 million, showing a heightened level of market activity.<\/p>\n
According to CoinMarketCap, the current trading price of ENS has risen from a low of $8.50 on Wednesday to its highest level since April.<\/a><\/p>\nThe considerable volume of transactions highlights the ever-changing characteristics of the market, as investors proactively participate in purchasing and selling in reaction to the latest advancements and endorsements within the ENS ecosystem.<\/p>\n
![\"\"](\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/a-15.png?resize=710%2C325\")
Source: Coingecko<\/pre>\nToken Metrics And Buterin’s Support<\/strong><\/h2>\nENS presently has a circulating quantity of 30 million tokens, resulting in a market capitalization of over $404 million.<\/p>\n
Buterin emphasized in a statement on\u00a0X the necessity for all Layer-2 solutions to concentrate on the development of trustless, Merkle-proof CCIP resolvers. The objective of this endeavor is to facilitate the registration, modification, and perusing of ENS subdomains directly on Layer-2 blockchains.<\/p>\n
All L2s should be working on (trustless, merkle-proof-based) CCIP resolvers, so that we can have ENS subdomains registerable, updateable and readable directly on L2s.<\/p>\n
ENS is super-important, it needs to be affordable!https:\/\/t.co\/Ice1lTttFE<\/a><\/p>\n \u2014 vitalik.eth (@VitalikButerin) January 3, 2024<\/a><\/p><\/blockquote>\n The Ethereum Name Service initiative offers a decentralized domain name system and is renowned for its contribution to the Ethereum ecosystem’s user experience simplification and improvement.<\/p>\n ENS simplifies blockchain interactions by linking human-readable names to complex Ethereum addresses, thereby increasing accessibility and user-friendliness.<\/p>\n The current value of the ENS token<\/a>, according to the most recent update, is around $14.37, representing a significant increase of 40% over the past 24\u00a0hours.<\/p>\n Notably, the token has maintained a robust 50% increase over the past week, accumulating an impressive market capitalization of around $423.20 million.<\/p>\n During the same 24-hour period, the trading volume of the ENS token reached an impressive value of over $360 million, showing a heightened level of market activity.<\/p>\n According to CoinMarketCap, the current trading price of ENS has risen from a low of $8.50 on Wednesday to its highest level since April.<\/a><\/p>\n The considerable volume of transactions highlights the ever-changing characteristics of the market, as investors proactively participate in purchasing and selling in reaction to the latest advancements and endorsements within the ENS ecosystem.<\/p>\n ENS presently has a circulating quantity of 30 million tokens, resulting in a market capitalization of over $404 million.<\/p>\n Buterin emphasized in a statement on\u00a0X the necessity for all Layer-2 solutions to concentrate on the development of trustless, Merkle-proof CCIP resolvers. The objective of this endeavor is to facilitate the registration, modification, and perusing of ENS subdomains directly on Layer-2 blockchains.<\/p>\nENSUSD currently trading at $15.596 on the daily chart: TradingView.com<\/a><\/pre>\n
Source: Coingecko<\/pre>\nToken Metrics And Buterin’s Support<\/strong><\/h2>\n