Monday, June 2, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

ENS token surges 35% to defy market trend after Vitalik calls the platform ‘super important’

January 4, 2024
in Web3
Reading Time: 2 mins read
0 0
A A
0
Home Web3
Share on FacebookShare on TwitterShare on E Mail



Ethereum Title Service’s native token ENS surged over 40% on Jan. 3 after Ethereum co-founder Vitalik Buterin spoke positively concerning the platform and stated it was “tremendous essential” for the ETH ecosystem.

As of press time, ENS was buying and selling at roughly $13.94, up 40.38% during the last 24 hours. The token has a market cap of round $423.20 million.

The token’s buying and selling quantity over the identical interval stood at roughly $364.28 million, indicating a excessive stage of market exercise.

Addresses linked to Ethereum names collectively management round $277 million in varied cryptocurrencies, together with ether, wrapped ether, USDC, and Uniswap tokens. The big sum is indicative of considerable monetary exercise throughout the ENS ecosystem.

ENS integration

Buterin’s endorsement of ENS, describing it as “tremendous essential,” has performed a pivotal position within the upward pattern.

He believes that Layer-2 blockchains should combine ENS domains to reinforce the consumer expertise in decentralized finance (DeFi) as they want a trustless, Merkle-proof-based CCIP resolver. Such integration would enable ENS subdomains to be registerable, updatable, and readable instantly on Layer-2 platforms.

Buterin additionally just lately proposed a brand new tax on ENS domains, aiming to make sure broader model adoption and decentralized possession of ENS addresses. The proposed tax entails a 3% annual price based mostly on the very best bid for a site identify.

This price mannequin is meant to discourage the hoarding of domains for revenue and encourage their use by entities who will actively use them, thus selling wider adoption and doubtlessly benefiting ENS token holders because the funds from these charges would help the DAO (Decentralized Autonomous Group) related to ENS.

Demand-based recurring pricing

Buterin additionally beforehand recommended options to Harberger taxing ENS domains in 2022.

As a substitute of Harberger’s mannequin, the place asset house owners set their asset’s worth and pay a share of it in yearly taxes, Buterin proposed a demand-based recurring pricing mannequin.

This mannequin would see annual area charges rise in proportion to a site’s valuation, which in flip would improve based mostly on open bids made by different customers. The purpose of this method is to create a fairer and extra dynamic pricing mechanism that displays the precise demand and worth of ENS domains.



Source link

Tags: CallsDefyENSImportantMarketPlatformSuperSurgestokentrendVitalik
Previous Post

Ethereum-Based Altcoin Explodes As Vitalik Buterin Says Project Is ‘Super Important’

Next Post

Why Bitcoin Price (BTC) Flash Crashed to $40K? Here’s What Crypto Analysts Say

Related Posts

Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs
Web3

Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

June 1, 2025
Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve
Web3

Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve

May 31, 2025
GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy
Web3

GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy

May 29, 2025
Binance Labs backed Web3 Startup with prominent founders Mario Ho and Jackson Wang to Launch Non-Fungible RWA Protocol Ecosystem
Web3

Binance Labs backed Web3 Startup with prominent founders Mario Ho and Jackson Wang to Launch Non-Fungible RWA Protocol Ecosystem

May 30, 2025
Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push
Web3

Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push

May 28, 2025
Civitai Turns to Crypto After Credit Card Processor Ban Over AI Explicit Content
Web3

Civitai Turns to Crypto After Credit Card Processor Ban Over AI Explicit Content

May 27, 2025
Next Post
Why Bitcoin Price (BTC) Flash Crashed to $40K? Here’s What Crypto Analysts Say

Why Bitcoin Price (BTC) Flash Crashed to $40K? Here's What Crypto Analysts Say

ETH Layer-2 – What are Ethereum Layer-2 Solutions?

ETH Layer-2 – What are Ethereum Layer-2 Solutions?

Goldman Sachs Eyes Active Participant Role In Spot Bitcoin ETFs

Goldman Sachs Eyes Active Participant Role In Spot Bitcoin ETFs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In