Ethereum gas fees drop 99% causing ENS to cancel Namechain L2 rollup plans.
Blockchain News

Ethereum’s Stunning 99% Gas Drop Forces ENS to Scrap Crucial L2 Rollup Plans

Global, May 2025: In a decisive move that underscores Ethereum’s rapid evolution, the Ethereum Name Service (ENS) has officially abandoned its planned Namechain Layer 2 rollup. This surprising pivot comes directly in response to Ethereum’s own core network achieving a staggering 99% reduction in gas costs, rendering the separate scaling layer unnecessary for ENS’s upcoming […]