ENS abandons plans for Namechain L2, citing Ethereum scaling

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Affected assets and topics

ETHEREUM ETH

Why it matters

ENS has abandoned plans for Namechain L2 due to a significant drop in gas fees and upcoming Ethereum scaling improvements, opting to deploy its ENSv2 upgrade directly on Ethereum instead.

Article tone

Neutral How the article is written, as reported by the source.

Expected market reaction

Bullish Confidence 90% How confidence is read Horizon: Short term Impact: Moderate

Market impact analysis based on bullish sentiment with 90% confidence.

Evidence trail

Evidence
Source CoinTelegraph
Claim ENS abandons plans for Namechain L2, citing Ethereum scaling
AI inference Bullish · 90%
Generated 2026-02-09 05:51

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
43232

Original source

Citing a 99% drop in gas fees and upcoming Ethereum scaling, the project will now deploy its ENSv2 upgrade directly on Ethereum.

Read the full article on CoinTelegraph

Original article published by CoinTelegraph on February 9, 2026. Analysis and insights provided by AnalystMarkets AI.

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