How did we get that wave in the trading system just now? It mainly relied on the following news:

The company behind ENS, ENS Labs, plans to launch its L2 network Namechain Ethereum domain service by the end of next year. ENS Labs is advancing its L2 network plan. ENS Labs COO Katherine Wu stated that the new network Namechain is expected to go live by the end of next year. It will utilize zero-knowledge rollup.

In a press release on Monday, ENS Labs stated: "This technology allows Namechain to process and execute transactions outside of the main Ethereum network while still inheriting the full security of Ethereum, but at a cost that is only a fraction of it."

Wu mentioned that the new network will leverage the infrastructure of existing zero-knowledge chains compatible with EVM, and the team is in the final stages of choosing which zkEVM to use.$ENS #ENSUSDT