ChainCatcher news, reported by CoinDesk, that the parent company of Ethereum Name Service (ENS), ENS Labs, plans to launch its own L2 network Namechain, which is expected to go live around the end of 2025.

ENS Labs Chief Operating Officer Katherine Wu stated that Namechain will utilize Zero-knowledge Rollups technology to accelerate blockchain transactions and reduce execution costs by compressing the amount of data published on-chain. This technology allows Namechain to process and execute transactions outside of the Ethereum mainnet while maintaining the full security of Ethereum.