ENS

Ashamed_Moment_2477

Could somebody tell me why the volume on ENS is always at least as high as its MC and it still doesnt move except once in a week?

MinimalGravitas

The amount of mainstream adoption by huge companies like Blackrock, Visa and Sony is almost too much to keep up with. Just from the last 3 months... * Nov 14 - **Franklin Templeton** FOBXX Fund, BENJI Token (Mainnet) * Nov 13 - **BlackRock** BUIDL Fund (Arbitrum, Optimism) * Nov 4 - **Robinhood** USDG Stablecoin (Mainnet) * Nov 4 - **Citi** CIDAP Platform (Mainnet) * Nov 1 - **UBS** uMINT Fund (Mainnet) * Oct 31 - **Franklin Templeton** FOBXX Fund, BENJI Token (Base) * Oct 28 - **RD Technologoes** Hong Kong Stablecoin HKDR (Mainnet) * Oct 22 - **Buenos Aires Digital Identity** (ZKsync) * Oct 21 - **Stripe** Bridge * Oct 3 - **SAP** Digital Currency Hub * Oct 2 - **Christie**’s Ownership Certificates (Base) * Sept 25 - **PayPal** Ethereum Trading & External Transfers For Businesses * Sept 25 - **Visa** VTAP RWA Platform * Sept 18 - **WisdomTree** RWA Platform (Mainnet) * Sept 18 - **Google** RPC Service * Sept 12 - **EVE MMO** Onchain Apps (Redstone) * Sept 10 - **PayPal** ENS Integration (Mainnet) * Sept 10 - **Venmo** ENS Integration (Mainnet) [shamelessly copied from https://ethereumadoption.com/ - all links/references available these]

Jujup27

Injective, Aptos, Render and FET are in the clear, ENA is great, and would've said ENS before the crazy pump from a few days ago. SUI I would consider if the price drops to around 2.5$. TIA is also a great pick but I'm waiting for a price around 6$

ec265

ETH beta plays DeFi - UNI/ENS/RPL/AAVE L2s - STARK/ARB/OP/ZK

vb90

ENS gets ignored, just like HBAR was not too long ago. Seems like the perfect bet.

Ashamed_Moment_2477

ENS or ZRX? Which is more hated here?

vb90

Let's be honest here, ENS, even though it has shitty tokenomics and is heavily manipulated is one of the champion use-cases of crypto. It should go to 150+ on that alone.

truthwatcher_

ENS is going crazy for their plans of a L2 called namechain. Anybody remembers name coin? 😁 Not hating, it's my best performing coin in 24, just amusing

paulchen81

Nice waking up to ENS being 25%+ again. Go on and do it again and again please. There is potential.

valr99

Same...Luna, ada and dot were my biggest losers if that paints a picture....even ENS ran back to profit for me this cycle lol

MinimalGravitas

What a wild take... > World moving on from ETH, In reality the amount of mainstream adoption by huge companies like Blackrock, Visa and Sony is almost too much to keep up with. Just from the last 3 months... * Nov 14 - **Franklin Templeton** FOBXX Fund, BENJI Token (Mainnet) * Nov 13 - **BlackRock** BUIDL Fund (Arbitrum, Optimism) * Nov 4 - **Robinhood** USDG Stablecoin (Mainnet) * Nov 4 - **Citi** CIDAP Platform (Mainnet) * Nov 1 - **UBS** uMINT Fund (Mainnet) * Oct 31 - **Franklin Templeton** FOBXX Fund, BENJI Token (Base) * Oct 28 - **RD Technologoes** Hong Kong Stablecoin HKDR (Mainnet) * Oct 22 - **Buenos Aires Digital Identity** (ZKsync) * Oct 21 - **Stripe** Bridge * Oct 3 - **SAP** Digital Currency Hub * Oct 2 - **Christie**’s Ownership Certificates (Base) * Sept 25 - **PayPal** Ethereum Trading & External Transfers For Businesses * Sept 25 - **Visa** VTAP RWA Platform * Sept 18 - **WisdomTree** RWA Platform (Mainnet) * Sept 18 - **Google** RPC Service * Sept 12 - **EVE MMO** Onchain Apps (Redstone) * Sept 10 - **PayPal** ENS Integration (Mainnet) * Sept 10 - **Venmo** ENS Integration (Mainnet) [shamelessly copied from https://ethereumadoption.com/ - all links/references available these]

paulchen81

Oh ENS thank you for finally waking up.

Delicious_Ease2595

ENS is another legitimate project. But r/cryptocurrency is still in the mentality that NFTs are monkey jpegs so don't bother.

Xylber

If you write the wallet wrong, you lose the coins anyway... Isn't the same with ENS domains? If I sent cryptos to fdfdsfskdjalksdjlasd.eth, don't I lose the coins?

MinimalGravitas

> What are results of this project? Endless list of useless projects/worthless projects or just plain scams. Substratum, Enigma, Gifto, CargoX, Wabi, Populous, Internxt, Salt, Waltonchain, etc just no name a few. You've cherry picked a bunch of crappy projects, but we could equally look at a list of mainstream adoption by huge companies like Blackrock, Visa and Sony. Just from the last 3 months... * Nov 14 - **Franklin Templeton** FOBXX Fund, BENJI Token (Mainnet) * Nov 13 - **BlackRock** BUIDL Fund (Arbitrum, Optimism) * Nov 4 - **Robinhood** USDG Stablecoin (Mainnet) * Nov 4 - **Citi** CIDAP Platform (Mainnet) * Nov 1 - **UBS** uMINT Fund (Mainnet) * Oct 31 - **Franklin Templeton** FOBXX Fund, BENJI Token (Base) * Oct 28 - **RD Technologoes** Hong Kong Stablecoin HKDR (Mainnet) * Oct 22 - **Buenos Aires Digital Identity** (ZKsync) * Oct 21 - **Stripe** Bridge * Oct 3 - **SAP** Digital Currency Hub * Oct 2 - **Christie**’s Ownership Certificates (Base) * Sept 25 - **PayPal** Ethereum Trading & External Transfers For Businesses * Sept 25 - **Visa** VTAP RWA Platform * Sept 18 - **WisdomTree** RWA Platform (Mainnet) * Sept 18 - **Google** RPC Service * Sept 12 - **EVE MMO** Onchain Apps (Redstone) * Sept 10 - **PayPal** ENS Integration (Mainnet) * Sept 10 - **Venmo** ENS Integration (Mainnet) [shamelessly copied from https://ethereumadoption.com/ - all links/references available these] The people building the future financial system are doing so on Ethereum, and if you want to use Ethereum, the ticker is ETH.

ChadInNameOnly

SNS and ENS solve this issue

MichaelAischmann

Is it though? AAVE is a decentralized borrowing & lending platform. Polymarket is a decentralized prediction market. ENS is a decentralized domain service. All of them function globally & permissionless.

MinimalGravitas

Why do you always reply to me such a weird, obnoxious attitude. I've explained multiple times in our exchanges that I think chainlink, alongside other infrastructure projects like the graph and ENS, make valuable contributions to the ecosystem. For some reason though, you seem to treat anyone who doesn't exclusively shill link in every comment as a heretic or hated enemy. It's so utterly bizarre that it almost makes me think you're a false-flag troll trying to make chainlink seem as unappealing as possible. Last time you tagged me into some random chainlink discussion I said I would block you if you kept doing it, well congratulations, you are now the first person in about 10 years that I've ever blocked on Reddit...

MinimalGravitas

> there is no real world adoption, There really is, but unfortunately, as u/Ecstatic_Courage840 has noted, reality doesn't seem to matter as much as being able to manipulate people with bullshit. Here are some examples... The biggest asset management companies in the world (such as Blackrock, and UBS) are bringing their traditional financial products onto Ethereum, as are smaller companies like Franklin Templeton and Wisdom Tree (who have 'only' $1.4 trillion and $0.1 trillion AUM respectively). We've also seen tokenization platforms being developed by Visa and Deutche bank and Vann Eck to bring more assets onto Ethereum. In total about $12.4 billion worth of traditional financial assets (such as treasuries, bonds, private credit, commodities etc) have been brought onto the L1 already. Robinhood and Paypal have both launched Ethereum based stablecoins. Paypal and Venmo have integrated ENS names, meaning users can send money to 'whoever.eth' onchain addresses, directly through their platforms. Sony and Samsung are building an Ethereum L2, Coinbase and Kraken both have L2s already and are openly talking about the ultimate goal of moving much of their exchange infrastructure onto Ethereum rollups. Links to all of these and many, more are collated at: https://ethereumadoption.com/

MinimalGravitas

> no companies are putting ETH on their balance sheet in a meaningful way You understand though that the entire future financial system is being build on Ethereum as we speak, right? The biggest asset management companies in the world (such as Blackrock, and UBS) are bringing their traditional financial products onto Ethereum, as are smaller companies like Franklin Templeton and Wisdom Tree (who have 'only' $1.4 trillion and $0.1 trillion AUM respectively). We've also seen tokenization platforms being developed by Visa and Deutche bank and Vann Eck to bring more assets onto Ethereum. Robinhood and Paypal have both launched Ethereum based stablecoins. Paypal and Venmo have integrated ENS names, meaning users can send money to 'whoever.eth' onchain addresses, directly through their platforms. Sony and Samsung are building an Ethereum L2, Coinbase and Kraken both have L2s already and are openly talking about the ultimate goal of moving much of their exchange infrastructure onto Ethereum rollups. Sure, the Ethereum spot ETFs haven't done as well as the Bitcoin ones, but what you're failing to realize is that eventually ETFs will be issued ***on*** Ethereum, alongside every stock and every bond... when you go to buy your Bitcoin ETF it will settle to Ethereum and you will spend ETH to do so! https://ethereumadoption.com/.

Satoshiman256

They should have used ENS

Delicious_Ease2595

Man ENS was also one of my best airdrops to date. Stated simultaneously with UD with the opposite outcome.

Lexsteel11

My biggest regret in crypto is I did this with ENS domains but didn’t attach them to wallets. I bought 6 domains for 6 years each but only attached 1 of them to a wallet. I was ecstatic when I got $20,000 from the ENS airdrop until I realized if I had attached them all to wallets i would have gotten $120,000 haha. I have never felt so many emotions simultaneously

Sidewayzracer

unstoppable domains is mid at best NFD does this shit better then ENS

jawni

just by using protocols that don't have tokens. I used Arbitrum a bunch before it had a token, when they launched the token, I got it. Literally that's it. JUP, JTO, ENS, ARB, OP, LOOKS, all from just using stuff. Solana probably your best bet for future airdrops, Meteora, Magic Eden, JUP (again), probably a pump.fun airdrop too. Ethereum probably has some, but I honestly don't use it that much anymore. Outside of those two chains, I wouldn't even waste my time with it unless I really saw potential in the project.

Twarmth

Is there anything notably valuable Ethereum adjacent? I have a little stash of Chainlink, what else should people be looking at? ENS? For 5 years I’ve been trying to wrap my head around how and why blockchain might be adopted. Is it beginning to look like just a hedge against the dollar? Sorry that’s super loaded lol

uwu2420

> That means one organization isn’t the only group capable of giving perks, rewards or having a community centered on those assets. So your investment is based on hoping that other people, who while having no obligation to do so, voluntarily give you free benefits based on ownership of someone else’s product, and continue giving those benefits for free? Or do you mean Yuga Labs maybe having subsidiaries or partners? > Often times there is a central entity So if you trust the central entity, why is it such a stretch to also trust them to maintain a database? > but for many of the communities centered around art the owners use the nfts to identify each other. So like a username? IMO, ENS, blockchain usernames, is the only legitimate use case for NFTs. > In many of the communities even the IP is decentralized and owned by the community. IP is a legal term, and again you rely on central parties, namely the NFT issuer who owns the rights to the IP and licenses it out to the NFT holder (and only sometimes, not always), as well as the government. > You can also bring markets into this. Before NFTs any kind of digital asset was restricted to the marketplace of the issuer. Now the way the assets are traded is also decentralized. One entity may provide a redemption but there is no restriction to the many online marketplaces where that asset is traded. This facilitates online liquidity and freedom for the customer. This was never a technical restriction, NFTs can and sometimes do have trading restrictions. Even on NFT marketplaces today you cannot directly interact with the smart contract without going through the marketplace’s gated APIs. The NFT’s smart contract can be modified to do whatever the author wants it to do, including limiting trading to specific whitelisted markets. > NFTs as titles for property help with authenticity. Again you have to trust a central party (the government); also this doesn’t sound ideal if losing my private key means losing claim to legal property. > NFTs can be use for communication, archiving data, identity, Normally we want these things to have the option to be private. > scientific data, and all kinds of use cases we have barely touched on. What’s wrong with scientific journals, torrents, etc? It’s a solution in search of a problem. > Keep in mind an NFT can actually store arbitrary information online as well. Sure, but that information is available to everyone, there is no privacy, and doing so is expensive. > Only Ethereum NFTs used links to offchain data primarily. Larger quantities of data can be stored on polygon, other L2s or Arweave. ETH L2s have their own issues with decentralization which is a totally separate discussion. > Ordinals, NFTs on bitcoin have even recently push an entire operating system on bitcoin, including video game emulators and websites. It’s **very** cost-ineffective compared to standard archival solutions, for what benefit? > More and more is built every day. But how many of these things are solutions for a genuine problem? > I’m working with a group called WTTP and we’re doing websites as NFTs. There is so much more coming. Why would someone use this instead of a normal website? What problem does it solve in real life?

Jcook_14

Yeah, I think the TIA tokenomics are overblown for this bull cycle but I certainly won’t be holding my TIA much past the ATH mark. The next bear market won’t be kind to it, most likely. Honestly not super familiar with most of those projects, other than ENS. I think a name service is a valuable idea but whether that translates into the token being valuable, I’m not sure. I think the bull case for ENS is that its name service becomes the defacto **Soul Bound** name/address platform for Ethereum, which is honestly a stretch but definitely not out of the realm of possibility. If you haven’t heard of a soul bound NFT, I highly recommend you look into it. It’s a cool concept, and tbh it’s basically the only reason that ENS has a chance to put perform in the future. Just my opinion and I don’t hold any ENS (although I keep track of it), because i think it’s a bit of a stretch.

Sweet-Animator5401

lucky me i have celestia and ethfi alr although its not too much (200&500). the tokenomics for tia slightly worry me but im hoping it follows sol's path. what are your thoughts on small caps like CHR, SKL, COTI? and ENS which has a similar cap to ethfi

allstater2007

ETH ENS Turbo

MinimalGravitas

You have extremely outdated views on this... Transactions are currently settling to Ethereum via rollups for less than $0.005, here are some examples from a couple of minutes ago: Base - https://basescan.org/tx/0x1f205109b6168daa60f297a9c5690ff3d8c22989f7857dd8ce08d31794673b53 Optimism - https://optimistic.etherscan.io/tx/0xe3181853e0f7ad2c38b83906c36902584e14b6e0cdfd779b8288709f93b13af1 Which is probably why there are about 150 transactions settling to Ethereum every second: https://rollup.wtf/ Those rollups are in turn paying tens of thousands of dollars to Ethereum L1 each day: https://dune.com/queries/4255122/7155641 In fact Ethereum gets more revenue from its L2s than almost any other L1 collects in total: https://cryptofees.info/ The plan was laid out over 4 years ago now, and is now fully coming to fruition, so it's honestly crazy that some people still don't seem to understand it: https://ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698 And as for being mainstream, Coinbase, Kraken and Sony all have Ethereum rollups; Blackrock, WisdomTree and Visa are all working on tokenizing their traditional financial assets onchain; Venmo and Paypal let users send money to ENS names (whoever.eth)... is anything even remotely as mainstream?

Im-already-here

Namechain by @ensdomains, a purpose-built Layer 2 solution! This is the next evolution in ENS and part of the larger ENSv2 direction. By dramatically reducing costs, improving performance, and providing a familiar Ethereum developer experience our hope is to see new opportunities for ENS and Ethereum flourish.

MinimalGravitas

> we have $30 swaps It currently costs about $4.50 to swap on L1: https://etherscan.io/gastracker Or about $0.00065 if you use a rollup: https://optimistic.etherscan.io/tx/0xdf53e4f6c6c7fca0743ac95a03fd0d35d00a94f6c23ba967a08bc5f978456c04 > and now-defunct NFTs By far Ethereum's most well known NFT project is ENS, which are the 'whoever.ETH' address names that you see on twitter etc. They are so 'defunct' that they have been integrated into Paypal and Venmo... https://decrypt.co/248739/paypal-and-venmo-users-can-now-send-crypto-payment-with-ens-names They might be the most recognized NFTs, but they might not be the most used, that title would probably go to Uniswap V3 positions, each of which is recorded as an NFT, and combined secure over $2 billion worth of assets: https://defillama.com/protocol/uniswap-v3#information

MinimalGravitas

> The thing is, after 11 years they are slowly but steadily losing footing. * More than twice as much innovation (novel code, not copy-pasted from elsewhere) happens on Ethereum than on every other chain combined: https://www.developerreport.com/developer-report?s=71-of-contract-code-is * Ethereum has a bigger DeFi ecosystem than that of every other chain combined: https://defillama.com/chains * Over 93% of all tokenized tradtional financial assets (e.g. treasuries, bonds, commodities etc) are on Ethereum: https://www.rwa.xyz/ * Ethereum would cost more to successfully attack than any other chain, even Bitcoin: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999 * More full time developers work in Ethereum's ecosystem (L1 and L2) than on every other chain in the top 30 combined: https://www.developerreport.com/ ... And just in the last couple of months we've seen Visa, WisdomTree, Paypal, Venmo, Ernst & Young, Sony, Kraken and UBS all using Ethereum, deploying RWA platforms, integrating with ENS, deploying L2s etc. Basically the traditional financial world is onboarding to Ethereum as we speak. So by what measure do you imagine Ethereum is 'losing footing'?

epic_trader

Who are they? You realize Ethereum is a platform that hosts decentralized applications, right? Like Uniswap, or ERC tokens, or L2s, or stablecoins, or ENS names, etc.

simmol

Bitcoin, MSTR, Solana, SUI are the locks for this cycle. If you think ETH is going to rally upward, I suggest you buy ENS (Ethereum Name Service) instead since that is like the leveraged ETH so you will get more of the upswing from the ETH rally.

Aerocryptic

ENS is not new but good idea overall

simmol

Well, there are exceptions. But that is the trend. Basically, newer alts are at an advantage as there aren't retail bag holders from the previous cycle ready to sell on everything pump. Moreover, the VCs that bought into the newer alts "let go" on selling and let the price fly so that people can FOMO in. The same trick cannot be used for older alts. Also, it is often the case that tech/use cases are better for the newer alts as they only pick the ones that are currently fashionable. Also, you are right in that there is not as much liquidity this time around so most alt holders will be frustrated by the alt season if we have one this time around. The winners will be the ones who were already doing very well this year (e.g. SOL, SUI, STX, ENS, APT, TAO) as opposed to the ones that have been struggling all year long. So not financial advice, but if you are holding some bags, I think you should consider switching to something else before the alt season. That is what a lot of your fellow bag holders have been doing for the past year or so anyway. There is no badge of honor of staying until the very end when the whole thing is dead.

mcc011ins

Actually crypto is all about cutting out the middleman at heart. You just need to setup a wallet and inform your customers about your public address. That's all you need. For convenience you can generate a qr code or register an ENS name.

Satoshiman256

I can't argue there. I don't know if it's a any different now but I remember a year or two ago fees on ENS being absolutely ridiculous.. Completely castrated an amazing project..

RafaelKino

Lost money trading during bull 2021. Not much, almost even. Like 1-2k even from 20k in volume. Bought an ethereum name address (ENS) out of vanity. Turns out they did an airdrop later and I got 15k. That was insane. I sold like 8-10k and kept the rest. I made money out of the silliest thing I did.

MinimalGravitas

The biggest and most valuable airdrops have been the ones that no-one expected, that were just distributed for using the ecosystem, stuff like Uniswap, ENS (both of . None of the ones that people promote before they happen are worth much, they are just ways for projects to pump their 'adoption' metrics. So the best advice is to just explore the ecosystem, use projects that are interesting, don't have a token, and are popular with 'legitimate' builders and participants. Some of them will likely drop tokens, but if they are applications that are useful and interesting anyway then even if some don't you won't feel like you've wasted time chasing them.

UnstoppableWeb

>Can you explain in a few words what a web3 domain is and what it does? To answer simply, a web3 domain, also referred to as an onchain domain, is essentially a new type of internet domain name designed to work within the decentralized web framework, often associated with blockchain technology. To go a little deeper, there a few key functions of an onchain domain include Human-Readable Addresses (e.g., myname.crypto instead of 0x...), building decentralized websites, and improving interoperability. >Some might have heard of ENS but not of UD yet (actually you can also buy a .eth address on UD if I’m not mistaken?), can you tell us if there is any difference between UD and ENS other than the much wider selection you offer? There are a few more differences between an Unstoppable Domain and ENS. You are correct you can get a .eth domain through Unstoppable Domains. One difference is other than our .eth domains, every domain is a 1-time payment with no renewal costs. .eth addresses require renewal payments. We also offer free minting for domains on Polygon and gas-free domain updates. In addition to your callout about more options, we believe many of our options can work for users across a variety of blockchains (.x, .wallet, .blockchain, etc) and show chain agnosticism. We believe this approach will help us attract not only a wider web3 audience, but also support adoption from web2 users coming to web3.

MaeronTargaryen

I think that this AMA can actually be a great way for you to introduce yourself to this crypto community. Can you explain in a few words what a web3 domain is and what it does? Some might have heard of ENS but not of UD yet (actually you can also buy a .eth address on UD if I’m not mistaken?), can you tell us if there is any difference between UD and ENS other than the much wider selection you offer?

JustStopppingBye

>by providing data for and between the L1 and L2s. Ouch bro, not all it [does.](https://www.swift.com/news-events/news/swift-explores-blockchain-interoperability-remove-friction-tokenised-asset-settlement) I remember being an ETH maxi though, then I woke up. Swift banks predict it will be closer to 5 than to 1 chain, but regardless it will all act as one chain because of [CCIP](https://blog.chain.link/unified-golden-record/). >So yea, projects like ENS and Link are helping Ethereum to become the new base layer for the financial world. The whole point of CCIP is so this doesn't happen, nor does it need to be this way.

MinimalGravitas

Like I said, Chainlink as a project is useful for Ethereum and it is helping enable the rollup centric roadmap by providing data for and between the L1 and L2s. As for the future being based around a single ecosystem, that what we are seeing play out... almost all tokenized traditional financial assets (bonds, treasuries, commodities etc) that have been brought onchain are on Ethereum: RWA.xyz It's also what the biggest tradfi institution in the world has explicitly stated is happening... Larry Fink, Blackrock's CEO stated: *"We believe the next step going forward will be the tokenization of financial assets, and that means every stock, every bond will have its own QIP (qualified institutional placement);* ***it’ll be on one general ledger*** [https://www.mckinsey.com/industries/financial-services/our-insights/from-ripples-to-waves-the-transformational-power-of-tokenizing-assets] And Samara Cohen, CIO of ETF & Index Investments said: *"permissioned blockchains have lost and* ***traditional market participants are coalescing around open-source Ethereum"*** [https://x.com/matthew_sigel/status/1801342560977190937] So yea, projects like ENS and Link are helping Ethereum to become the new base layer for the financial world. I don't think either token is a great investment because it seems like their value accrual mechanisms are weak, but that has nothing to do with the fact that the projects they have built are contributing a lot to Ethereum's success.

MinimalGravitas

Yea, this last month has been bonkers with news on adoption. Here's another 6 stories of major companies onboarding to Ethereum in the last few weeks. And yea, plenty of associated projects like ENS and Chainlink have of course been helping enable that. * **PayPal** and **Ernst & Young** settled the first corporate payment via stablecoin, on Ethereum: https://cointelegraph.com/news/paypal-ernst-young-settle-first-corporate-payment-pyusd-stablecoin * **Visa** deployed their RWA tokenization project to Ethereum: https://investor.visa.com/news/news-details/2024/Visa-Introduces-the-Visa-Tokenized-Asset-Platform/default.aspx * **Ethena** announced the release of their new stablecoin, backed by part of **Blackrock's** BUIDL fund on Ethereum (which itself has grown to a value of over $500 million onchain): https://www.business2community.com/crypto-news/blackrock-and-ethena-partner-up-to-launch-new-stablecoin-usbt-02829572 * **Venmo** and **Paypal** started using Ethereum Name Service, so their users can now send money to 'whoever.eth': https://cointelegraph.com/news/paypal-venmo-ens-kickstart-mainstream-crypto-payments-adoption * **WisdomTree** (an asset management company with ~ $100 **B**illion AUM) released their tokenization platform which allows financial assets to be moved onto Ethereum: https://www.wisdomtreeconnect.com/ * **Sony** launched the testnet for their Ethereum L2: https://decrypt.co/246071/sonys-long-awaited-ethereum-layer-2-chain-launch-coming-weeks

Blueberry314E-2

Huh, must be some mistake. They only just added the .eth ENS name support.

simmol

Not sure if right now is a good time. I don't think ETH/BTC ratio will go up until Bitcoin breaks ATH. And if ETH/BTC ratio bleeds further, there is a good chance ENS/BTC ratio will bleed even more. And at that point, given that you probably have no conviction regarding ENS, you might just sell for a loss.

jwz9904

should i sell 50% of my ETH into ENS?

simmol

From trading purposes, a medium risk/high gain move that is an alternative to ETH is ENS. Why? 1. ENS = Ethereum Name Service and along with ETC, these two are the most correlated with ETH. Thus, if you expect that ETH will go up in the bull run, so will ENS. 2. Unlike ETH, ENS is low market cap so it would go up faster than ETH. 3. ENS is also new as it started trading in November of 2021 (basically peak of last cycle) so there aren't too many retail bag holders unlike other alts. This is a very good sign and makes it much lighter compared to some of the other old alts. 4. ENS is up 77% in 2024, which is superior to BTC (+48%) as well as ETH (+7%) and ETC (-16%). This shows that it is an attractive alternative to ETH and I think the alt whale traders know this.

SlimtheMidgetKiller

ENS was one of the best airdrops I ever got.

MinimalGravitas

> like its venmo money Coincidentally, 2 weeks ago Venmo (and Paypal) started using Ethereum Name Service (ENS), meaning you can Venmo money to 'Whoever.ETH'. https://cointelegraph.com/news/paypal-venmo-ens-kickstart-mainstream-crypto-payments-adoption

MinimalGravitas

> I was started to looked like crazy I know what you mean, there is so much adoption being reported every week but it seems like almost no one here is noticing. Literally just today Visa have announced a tokenization platform to allow investors and institutions to bring traditional financial assets onchain: https://investor.visa.com/news/news-details/2024/Visa-Introduces-the-Visa-Tokenized-Asset-Platform/default.aspx I posted that link to the daily thread and it got downvoted to 0 and no replies... 2 weeks ago Wisdom Tree (an asset manager with about $100 billion AUM) released a RWA platform to move their products onchain, and again... no one else seems to care Sony are building an L2, Paypal are using ENS names, fucking Blackrock are publicly stating that: *"We believe the next step going forward will be the tokenization of financial assets, and that means every stock, every bond will have its own QIP (qualified institutional placement); it’ll be on one general ledger"*... and hardly anyone here seems to notice!

MinimalGravitas

> Only the rich can use it Meanwhile in reality transactions are settling to Ethereum for $0.00023... https://optimistic.etherscan.io/tx/0xc93e123b138da80ecf96ffb954fa7b79cbe7da1f27105ace893f6a2443173c6f The plan for users to transact on L2s, which are secured by Ethereum mainnet was laid out 4 years ago: https://ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698 This plan is now playing out, which you can see in almost any metric you want to look at... Transaction numbers and active addresses have been increasing rapidly since blobs were introduced in Dencun: https://www.growthepie.xyz/ 4 out of the top 10 chains by DeFi TVL are Ethereum rollups (though Ethereum L1 is still bigger than **every other ecosystem combined**): https://defillama.com/chains The top 5 ecosystems by full time developer numbers are Ethereum, Base (an Eth rollup), Polygon (an Eth sidechain), Polkadot, and Arbitrum (an Eth rollup): https://www.developerreport.com/ > waiting for something to finally take Ethereum out. I think you're going to be waiting a long time... and presumably so do Sony (deploying an L2), Blackrock (tokenization product worth $500m running on L1), Wisdom Tree (just deployed an RWA platform to tokenize their financial assets onto Ethereum), Paypal (deployed a stablecoin and integrated ENS names) etc etc.

deJuice_sc

Didn't they just enable ENS names too?

couchguitar

I like ENS and I like HNS, but ENS seems to be more popular of the two. Decentralization on the Root Server system is going to change the power dynamics of the internet for sure. I bet most people don't realize that the U.S. basically controls the world's internet.

jimmybirch

ENS (The project, not the token) have taken some huge strides lately, integrating with the likes of GoDaddy and PayPal… it really feels like actual, usable tech within the crypto world

MinimalGravitas

https://x.com/Cointelegraph/status/1838918325042102469 > Visa launches a Tokenized Asset Platform to assist banks in testing tokenized assets and smart contracts. Spain’s BBVA is leading the charge, aiming for a 2025 pilot on Ethereum. For any other chain this would be insanely big news, for ETH it's just Wednesday. Last week was the huge asset manager Wisdom Tree building a RWA platform, before that was Sony deploying an L2, before that Paypal integrating with ENS, before that GoDaddy, before that Blackrock... wonder who will be next?

MinimalGravitas

> Can you really say that ETH leads alts nowadays? That is still what the data shows, despite what marketing accounts and bagholders for other projects will try to claim: * Ethereum's DeFi ecosystem is bigger than that of **every other crypto's combined:** https://defillama.com/chains * There are more full time developers working in the Ethereum ecosystem **than on every other chain in the top 30 combined:** https://www.developerreport.com/ * More value in simple transfers happens on Ethereum than on any other chain, **over 5x more than on Bitcoin:** https://money-movers.info/ * Almost all tokenized traditional financial assets (bonds, treasuries, commodities etc) that have been brought onchain are on Ethereum: https://dune.com/queries/3083611 * There is more than twice as much innovation (i.e novel code not just copy-pasted from elsewhere) on Ethereum **as on every other chain combined:** https://www.developerreport.com/developer-report?s=71-of-contract-code-is Just in the last 6 months we've seen: - Blackrock state their intention to tokenize every stock and bond onto Ethereum; and deploy their first trial product, which has grown from $100 million to $520m; - Sony building an Ethereum L2; - Paypal first deploying their stablecoin and now integrating ENS names (so users can send money to whoever.ETH); - GoDaddy, one of the most popular web hosting services, linking their DNS names to provide ENS names for free; - Wisdom Tree (an asset manager with $100 Billion AUM) announced last week that they are deploying a tokenization platform to Ethereum. > It's been left in the dust in the most recent green days Well if you are looking recently It's gone up 12.7% in the last 7 days... but yea, the current asset price looks low compared to lots of other assets, especially considering all the metrics and adoption listed above.

MinimalGravitas

> Including Ethereum In the last 6 months we've seen Paypal deploy their own stablecoin on Ethereum and start using ENS names (e.g. whoever.eth) for crypto transfers. We have found out that Sony are building an Ethereum L2. Blackrock have announced their intention to tokenize every stock and bond on Ethereum, and have already deployed their first tokenized treasury product, which has grown from $100 million to $520 million in about 5 months. The $100 Billion asset managers Wisdom Tree announced just yesterday that they are builing a tokenization platform on Ethereum. Already about 84% of all RWAs that have been brought onchain are on Ethereum. There are more full time developers working in the Ethereum ecosystem than on every other chain in the top 30 combined. Ethereum's DeFi ecosystem is bigger than that of every other crypto's combined. We could keep going, but you get the idea right? This narrative being pushed that ETH isn't doing well is only based on current token price. By almost any other metric it is ahead of literally everything else combined.

MinimalGravitas

That's true, but there are already almost 2 million ENS names registered, so there's already plenty of people who will be able to use this. https://dune.com/queries/5768/11413

absurdcriminality

So we can send PP payments to ENS names now? This is wild

JarodMoran

Exciting news! Making crypto transactions even easier with ENS names. Time to send crypto like a pro!

CipherScarlatti

Paypal only offers their token (PYUSD), Bitcoin, Eth, Litecoin and BCash, it looks like this is really trying to push PYUSD adoption. Kinda neat though if you were looking to use an ENS to collect/send money. For internal transfers the minimum transfer amount is 0.01. But for external it's: .001 BTC .01 LTC .01 ETH .01 BCash 10 ERC-20 PYUSD 1 SOL PYUSD

MinimalGravitas

Is anyone keeping a list of all the stuff Ethereum Name Service is integrating with? Google search integrated ENS names in March; GoDaddy lets you use your web address as an ENS name, and infact any DNS can be used as an ENS name (without the gas cost of registering) via ERC-3668. Next time someone tries to argue that NFTs are just useless jpegs, point out to them that ENS names are NFTs and link them to Paypal/Venmo/Google/GoDaddy/Brave etc.

coinfeeds-bot

tldr; PayPal and Venmo have integrated Ethereum Name Service (ENS), allowing users to send crypto payments using ENS usernames. This feature simplifies the process of sending crypto by replacing the need for long wallet addresses with easy-to-remember names, reducing the risk of errors. Initially available to U.S. users, this integration aims to make managing digital assets more intuitive and user-friendly. It's part of PayPal and Venmo's broader efforts to expand their presence in the crypto market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Delicious_Ease2595

Few are legit as ENS

Kevin3683

ENS

simmol

Thoughts on Ethereum Name Service (ENS)? It seems highly correlated to ETH but has higher upside to volatility while the low side isn't as bad. It seems like once ETH/BTC ratio rebounds later this year, this will shoot up very high, and might be one of these alts that do very well in this upcoming alt season? Thoughts?

MaximumStudent1839

How is this new? ENS type of stuff has been around since last cycle.

Ok-Western-5799

Perhaps, you continue to be the degen that you. I'll tell you that now's the best time to invest. Look for Blue chips. SOL, BNB, EOS are solid then spread the rest across low/mid caps like QNT, HNT, and ENS.

uwu2420

The only good use case of NFTs was ENS and its equivalents lol there are no others

bizaroo933

I have a question here. How come whenever ETH pumps or dumps ENS (Ethereum Name Service) does the same?

MonsutaReipu

People trying to do things video games already do with crypto are stupid, and people buying into these ideas are stupid. When people can, and will, just print new 'land' and print new profile pictures and print new collectibles of any kind, they're bound to return to being worthless. The appeal of digital land is that it's exclusive, but it's not when you can just infinitely print new land. The only way to actually make it appealing is if it's done in combination with something that had built in appeal already, like the ENS naming craze. It's not easy to replicate ENS, so it's a standard for crypto naming on the eth blockchain. There's potential for places to adopt ENS naming, like twitter, or other platforms (think Steam, email, etc) and serves as a solution to a problem. We all want to have a consistent online identity across different games and platforms, but we can't because we have to make new names on every new thing. If ENS became a naming standard, your name would always be your name everywhere on the internet. There's appeal to that. A piece of land in an empty metaverse has no appeal. There's no logical connection toward anything else adopting metaverse land.

SamsungGalaxyPlayer

The proposed OAv2 standard is asset-agnostic just like OAv1 since records are stored as DNS TXT records (instead of in the blockchain, like with ENS*), and these records are purposefully in a format to allow any asset to be used with them (unlike solutions aimed at only one blockchain, which might be prefixed by something like `bitcoin:`). Example OAv1 records: > oa1:btc recipient_address=1FhnVJi2V1k4MqXm2nHoEbY5LV7FPai7bb; recipient_name=Monero Development; > > oa1:xmr recipient_address=888tNkZrPN6JsEgekjMnABU4TBzc2Dt29EPAvkRxbANsAnjyPbb3iQ1YBRk1UXcdRsiKc9dhwMVgN5S9cQUiyoogDavup3H; recipient_name=Monero Development; Example OAv2 records: > oa2 btc:btc address=bip352:sp1qqfk0ag4gmq87agdy8lawrlt2mf3p8myhkuxgp5s7kdck4ywwg7mjjqc2wmmtfddvevmjnlv4klmgsx4g79rr998d20r5vmxera5f2a54nu5h496v; > > oa2 usdc:base address=0x4838B106FCe9647Bdf1E7877BF73cE8B0BAD5f97; > > oa2 xmr address=888tNkZrPN6JsEgekjMnABU4TBzc2Dt29EPAvkRxbANsAnjyPbb3iQ1YBRk1UXcdRsiKc9dhwMVgN5S9cQUiyoogDavup3H; OAv2 is more flexible because it supports priority records (eg: please pay me USDC on BASE but everything else on POLY unless the sender only supports the ETH network, then ETH) and metadata records (images, usernames, descriptions, etc). It allows for optional flexibility and thoroughness. These more robust options are detailed in the GitHub pull request that I linked. \* ENS has some implementations that use DNS TXT records as well. They've come full circle, lol.

koolkheart

You came in at the right time. Another bull run awaits us and all you have to do is invest in quality projects. BTC & ETH, USDT or any stable should take 50% of your portfolio while other blue chips such as SOL, BNB, and NEAR. The other 20% should move to high-utility projects outside the top 100. ENS, API3, and exSat are a few examples.

feydreutha

I know that but it seems to not rebound very well, there is a general downtrend. I prefer trading on ENS for the moment it seems a bit more lateral.

Lexsteel11

I was lucky with the ENS airdrop that I didn’t hear about it for a week; I sold as soon as I realized I got airdropped $20k but had I found out a week earlier, I would have sold before it went up a lot lol. Ignorance hodl FTW