Blockchain Capital has transferred another 52,845 ENS tokens—valued at approximately $2.47 million—into OKX and Bybit just 8 hours ago.
This brings their total ENS transfers since November 30 to 105,690 tokens, worth around $4.72 million. The average price per token across these transactions stands at $44.6.
Blockchain Capital 在 8 小时前又转出了 52,845 枚 $ENS ($2.47M)，这些 ENS 进入了 OKX 和 Bybit。
Blockchain Capital 从 11/30 以来一共转出了 105,690 枚 ENS ($4.72M)，均价 $44.6。
他们目前还持有 54 万枚 ENS ($24.56M)。https://t.co/EVLpCe7qEc本文由 #Bitget｜@Bitget_zh 赞助 https://t.co/jpgyp5xyiq pic.twitter.com/gF9QDaUhgh
— 余烬 (@EmberCN) December 17, 2024
Despite these recent movements, Blockchain Capital still holds a significant position of 540,000 ENS tokens, valued at $24.56 million, solidifying its strong stake in the Ethereum Name Service ecosystem.
ENS Labs Takes a Major Leap with Namechain
On the development front, ENS Labs has announced ambitious plans to launch Namechain, a layer-2 blockchain network powered by ZK-rollup technology. Set for release by the end of 2025, Namechain aims to significantly reduce transaction costs while enhancing scalability.
Ethereum Name Service, kripto dünyasında yeni bir adım atıyor! 🚀
ENS Labs, ZK-rollup teknolojisiyle işlem maliyetlerini düşürecek Namechain adlı katman-2 blockchain ağını 2025 sonunda hayata geçirmeyi planlıyor. Sizce bu gelişme Ethereum ekosistemine nasıl katkı sağlar? 🌟… pic.twitter.com/yhN9bNnal8— Stablex (@Stablex_Turkiye) December 12, 2024
By leveraging zero-knowledge rollups, the network will process transactions off-chain and post final proofs to Ethereum, drastically cutting fees without compromising security.
This innovation marks a critical milestone for ENS and the broader Ethereum ecosystem, offering a more cost-efficient and scalable solution for managing domain names and decentralized identities.
Introducing Namechain, a purpose-built Ethereum Layer 2 solution designed to scale blockchain identity while maintaining the decentralization and security that users expect from ENS
To learn more about Namechain and why it matters, check out Coindesk's recent article!… pic.twitter.com/DmvJVcWQzX
— ens.eth (@ensdomains) November 11, 2024
Implications for the Ethereum Ecosystem
The introduction of Namechain could further integrate Ethereum Name Service into mainstream blockchain applications. By addressing high transaction costs, ENS adoption may accelerate among developers, businesses, and users seeking decentralized naming solutions. Additionally, Namechain could serve as a model for other Ethereum-based projects looking to harness layer-2 rollups for scalability.
As Blockchain Capital strategically moves its ENS holdings, and ENS Labs pushes forward with cutting-edge developments, the Ethereum ecosystem stands to benefit from both market activity and technological advancements.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.