This article delves into the ENS (Ethereum Name Service) V2 release, which extends domain services to Layer 2 (L2) networks, aiming to reduce transaction fees and improve processing speeds. It explores the new features of ENS V2, including the new hierarchical registry architecture, the introduction of a universal resolver, and support for L2 networks. Additionally, it discusses the migration process to V2 and its potential benefits, such as lower fees, higher speeds, and more flexible domain management.