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The price of the ENS token rose by 40% due to Vitalik Buterin

On May 21, 2024, Ethereum co-founder Vitalik Buterin made a statement on X (formerly Twitter). He pointed out the importance of creating an open, decentralized protocol for conducting transactions between different L2 networks.

“We need an open decentralized (without operators or governance) protocol for quickly moving assets from one L2 layer to another and for integrating it into the default wallet sending interface,” Buterin wrote.

According to the expert, in ten years all rollups will use Zero Knowledge (ZK) technology, also known as zero-knowledge proof. However, this will require “significant infrastructure optimization,” the Ethereum co-founder said.

In addition, Vitalik Buterin called Ethereum Name Service (ENS) “the most successful non-commercial application.” He is surprised that users do not pay attention to him.

After the expert’s statement, the ENS token grew by about 40% per day and approached $22. Meanwhile, just yesterday the asset was trading slightly above $14. At the time of publication, the ENS price is $19.95 according to TradingView:

Earlier, the head of Ethereum Name Service, Khori Whittaker, said that his company pays attention to research into second-layer networks. He did not rule out the possibility of launching his own L2 protocol.

Source: Cryptocurrency

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