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 (operator-free, governance-free) protocol for quickly moving assets from one L2 to another, and for that to be integrated into wallets' default sending interface.

Get the basics done before getting too committed to any fancy toys.

— vitalik.eth (@VitalikButerin) May 21, 2024

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.

ens是我们的最成功的非金融应用，我不知道为什么没有更多人关心它！

— vitalik.eth (@VitalikButerin) May 21, 2024

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.