ENS Proposes L2 Registry Migration To Cut Domain Costs
Ethereum Name Service (ENS)
cryptocurrency.com.tr reports that Ethereum Name Service has opened discussion around an ENSv2 migration proposal to move domain registration and renewal resolution toward a Layer-2 registry model. The idea is to reduce costs while keeping links back to Ethereum’s security model, as Ethereum mainnet fees can make everyday domain actions expensive. The proposal is a temp check, not a completed migration, and has not passed a full executable DAO vote. Users should not treat it as already implemented, but it is a meaningful direction for one of Ethereum’s most recognizable identity systems.
How the market reacted
Whalio's own Binance spot order flow for ENS, measured when this story was written up on 4 September 2026. Not the outlet's figures.
ENS is trading at $5.73 with a 1-hour buy ratio of 57.6% and a 4-hour buy ratio of 52.4%, compared to a 24-hour buy ratio of 54.4%. The 1-hour reading shows stronger buying pressure than the broader 24-hour average, while the 4-hour reading aligns closely with the daily trend. Volume Delta is positive across all timeframes, with +$6,071 in the last hour, +$19,649 over four hours, and +$139,231 over 24 hours. This indicates that buyers are actively absorbing sell orders, pushing the Cumulative Volume Delta (CVD) to +$213,616 by the 24-hour close. Net buying has occurred for 13 of the last 24 hours, supporting a spot volume of $1,578,311 and 15,520 trades.
The latest daily buy ratio of 49.9% sits at the 50th percentile of the last 281 days, against a median of 49.9% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ENS, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 47.3%, making today’s 24-hour ratio of 54.4% an unusual day with a +7.1 point increase. Spot volume was 1.06x the average, indicating heightened activity compared to the norm. However, the 8-day volume delta total was -$590,752, contrasting with today’s positive flow. The price has changed -4.5% over the last 8 days, suggesting that despite today’s buying, the broader trend remains slightly bearish. Only 2 of the last 7 days saw net buying, highlighting that this recent activity is a deviation from the weekly pattern.