Without this we have a huge performance issue, where the result of useENSNames is recalculated on every render. This can lead to even worse issues if something else depends on the result to set some state, in which case there can be an infinite render loop.

Confirm that infinite render loop goes away – no more log messages about it from React, and I'm able to use the app without it freezing. Note that these effects were only noticeable with the rest of my stack