The most powerful coin yesterday was ENS, which rose as unreasonably as the Pixiu disk. The price rose from a low of $25.62 to a high of $33.05, with a maximum daily increase of 29%. The current market value is $997 million, ranking 84th in the cryptocurrency market value ranking.

One of the factors driving the rise in ENS prices may be that investors are optimistic about the upcoming ENSv2 upgrade, which is expected to migrate the ENS protocol from the Ethereum mainnet to the Layer2 network to enhance its scalability and reduce transaction fees. In addition, ENS has also proposed a new hierarchical registration system designed to more efficiently manage .eth domain names, including managing subdomains and configuring resolvers. In addition, ENS officials also announced a number of developments last week, including announcing on the 27th that the new brand will be unveiled at the upcoming EthCC (7/8~7/11).

ENS, which was praised by Ethereum co-founder Vitalik Buterin as one of the most successful non-financial applications, has been worthy of being called the pearl of Ethereum this year. It has soared by more than 240% in the past year, leading Ethereum and Bitcoin by 81.6% and 106.4% respectively.

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