ENSV2 TO DEPLOY ON ETHEREUM L1, NAMECHAIN CANCELLED

Summary from the TLDR Crypto newsletter

ENS announced ENSv2 will deploy exclusively on Ethereum L1, canceling plans for Namechain L2 while maintaining its product roadmap, including per-name registries and expanded customization. The protocol will enable one-click .eth registration from any EVM chain without bridging, alongside continued non-EVM support for Solana and Bitcoin. Vitalik Buterin has endorsed the decision, arguing that ENS represents central Ethereum ecosystem state functioning as a semi-financial application where L1 placement maximizes accessibility and aligns with an optimal decentralized identity architecture that keeps core account/profile data on mainnet while routing user actions to specialized L2s.