Share this article
ENS Token Jumps 50% as Vitalik Buterin Hails It as 'Super Important'
The token touched the highest level since April and volume increased more than 600%.
Updated Apr 9, 2024, 11:12 p.m. Published Jan 3, 2024, 2:55 p.m.
ENS, the governance token of the Ethereum Name Service project, surged by more than 50% on Wednesday after Ethereum co-founder Vitalik Buterin said the service is "super important."
"All L2s should be working on (trustless, merkle-proof-based) CCIP resolvers, so that we can have ENS subdomains registerable, updateable and readable directly on L2s. ENS is super-important, it needs to be affordable!" Buterin wrote on X. L2s refers to layer-2 blockchains that help scale a base, layer-1, blockchain with faster, cheaper transactions.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ENS is currently trading at $12.54, its highest level since April, having bounced from a low of $8.50 earlier today, according to CoinMarketCap.
Ethereum Name Service is a platform that lets users buy a domain name on the Ethereum blockchain. These domains can then be used to transfer and receive funds, replacing the alphanumeric wallet address. There are currently 2.1 million registered ENS domains, with 800,000 unique participants, according to Dune Analytics.
Vitalik argued that layer-2 blockchains should incorporate ENS domains to improve the user experience across decentralized finance (DeFi).
Volume for ENS trading pairs increased by 674% to $167 million on Wednesday.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
