According to Foresight News, Degen Name Service has officially launched, allowing users to register '.eth' subdomains on their website. In addition to this, users can also set default names and avatars for their wallets. This new service aims to provide a more personalized experience for users, enhancing their interaction with the platform. The '.eth' subdomain registration is expected to attract a significant number of users, given the growing popularity of Ethereum-based services. The ability to set default names and avatars for wallets adds an extra layer of customization, further enhancing the user experience. However, it is important to note that the success of this new service will largely depend on its adoption by the user community.