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Ethereum Name Service (ENS) Price, Charts, Market Capitalization
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Ethereum Name Service (ENS) is a decentralized, open, and extensible naming system built on the Ethereum blockchain. Its core mission is to make the decentralized web more user-friendly and accessible by replacing long, complex, and unreadable cryptocurrency addresses (like 0xab12...cde3) with human-readable names (like yourname.eth). ENS functions much like the traditional Domain Name System (DNS) for the internet, but specifically for the Web3 ecosystem, allowing users to consolidate all their digital identities, cryptocurrency addresses, and decentralized website links under a single, memorable name.
📊 Ethereum Name Service (ENS) Quick Facts
| Feature | Details |
| Token Name | Ethereum Name Service (ENS) |
| Blockchain | Ethereum (ERC-20 token, operates on Ethereum mainnet) |
| Category | Decentralized Naming Service, Web3 Infrastructure, Identity, Utility Token, Governance Token |
| Circulating Supply | Approximately 31.37 Million ENS (as of mid-July 2025 – this is dynamic and should be verified from current, reliable sources like CoinMarketCap or CoinGecko) |
| Total Supply | 100 Million ENS |
| Max Supply | 100 Million ENS |
| Use Cases | Governance, potentially discounted domain registration (future), ecosystem incentives. |
| Official Website | ens.domains (Always verify the official website from trusted crypto data aggregators to avoid unofficial or scam sites.) |
🔍 What is Ethereum Name Service?
Just as DNS translates IP addresses into website names, ENS translates machine-readable identifiers (like Ethereum addresses, other crypto addresses, or content hashes) into human-readable names. This solves a major pain point in crypto:
- Simplifying Crypto Transactions: Instead of copying and pasting long, error-prone addresses, you can simply send crypto to
alice.eth. - Decentralized Identity: A single
.ethname can point to multiple cryptocurrency addresses (ETH, BTC, LTC, DOGE, etc.), IPFS content hashes for decentralized websites, text records (email, Twitter handle), and more, creating a unified digital identity. - Security: Reduces the risk of sending funds to the wrong address due to typos.
- Censorship Resistance: Being built on Ethereum, ENS names are controlled by the user, not a centralized entity, making them highly resistant to censorship or seizure.
- Interoperability: Widely integrated across wallets, dApps, and exchanges, making it a standard for Web3 naming.
ENS names are also NFTs, meaning they are unique digital assets owned by the user, which can be transferred or traded.
✨ Key Features and Ecosystem Components
ENS, powered by the ENS token, offers several key features:
- Human-Readable Names: Replaces complex alphanumeric addresses with simple, memorable
.ethnames. - Multi-Coin Support: An ENS name can be configured to receive various cryptocurrencies, not just ETH. This means
yourname.ethcan be used to receive Bitcoin, Solana, or any other supported cryptocurrency. - Decentralized Website Hosting: Links to content hashes of decentralized websites (e.g., hosted on IPFS or Arweave), allowing users to access websites like
yourwebsite.ethdirectly through compatible browsers or gateways. - Text Records: Allows users to link social media profiles, email addresses, or other personal information to their ENS name.
- Reverse Resolution: Enables dApps and wallets to display human-readable names for addresses instead of raw hexadecimal strings.
- DNS Integration: ENS can integrate with existing DNS names. If you own
example.com, you can configure it to function as an ENS name, pointing to your crypto addresses or decentralized website. - ENS DAO: The project is governed by its token holders through the ENS DAO (Decentralized Autonomous Organization).
📈 ENS Tokenomics
The ENS token is primarily a governance token for the Ethereum Name Service protocol. Its primary functions include:
- Protocol Governance:ENS token holders can propose and vote on key decisions that affect the ENS protocol. This includes:
- Changes to the
.ethpricing mechanism (registration and renewal fees). - Allocation of treasury funds.
- Upgrades to the ENS smart contracts.
- Management of the ENS root multisig.
- Changes to the
- Treasury Management: The ENS DAO treasury, funded by revenue from
.ethname registrations and renewals, is managed by ENS token holders who vote on how these funds are allocated for development, grants, and community initiatives. - Airdrop Distribution: A significant portion of the initial ENS token supply was airdropped to existing
.ethdomain registrants and early contributors, rewarding and decentralizing ownership. - Fixed Max Supply: The total supply of ENS is capped at 100 Million tokens, ensuring scarcity.
- Circulating Supply: The circulating supply is gradually increasing as tokens are unlocked from various allocation pools (e.g., community, core contributors, initial developers) according to vesting schedules.
It’s important to note that ENS tokens are NOT used to pay for registering or renewing .eth names. Those payments are made in ETH.
🚀 Use Cases & Applications
- Simplified Crypto Payments: Send and receive cryptocurrency using simple names instead of complex addresses.
- Decentralized Identity: Create a unified Web3 profile that links all your digital assets and online identities to one name.
- Decentralized Websites: Host censorship-resistant websites on IPFS or Arweave and access them via an
.ethname. - Wallet Integration: Seamlessly integrated into most major crypto wallets, enhancing user experience.
- dApp Interoperability: Used by dApps to simplify user interaction and identity management.
- Domain Ownership (NFTs): Own your
.ethname as a non-fungible token (NFT), which can be traded on NFT marketplaces. - Web3 Browse: Access the decentralized web more easily through compatible browsers or browser extensions.
✅ Pros and ❌ Cons
Pros
- Fundamental Web3 Infrastructure: Addresses a critical need for human-readable naming in the decentralized ecosystem, analogous to DNS for Web2.
- Strong Adoption: Widely integrated across major wallets, dApps, and exchanges, making it a de facto standard.
- Decentralized & Censorship-Resistant: Built on Ethereum, ensuring user ownership and resistance to central control.
- Community-Governed: The ENS DAO empowers token holders to shape the protocol’s future.
- Seamless User Experience: Greatly simplifies crypto transactions and managing digital identities.
- Fixed Token Supply: The 100 million maximum supply provides long-term scarcity.
Cons
- Renewal Fees: Users need to pay annual ETH fees to renew their
.ethnames, which can be a barrier for some. - Name Squatting: Like traditional domain names, popular ENS names can be “squatted” or registered by individuals hoping to sell them at a higher price.
- Competition: Faces competition from other naming services on different blockchains (e.g., Bonfida on Solana) or other decentralized identity solutions.
- Reliance on Ethereum: Its core functionality is tied to the Ethereum blockchain, meaning it is subject to Ethereum’s network conditions (e.g., gas fees, scalability challenges, though L2 integrations help).
- Token Price Volatility: The value of ENS, as a cryptocurrency, is subject to significant market fluctuations.
🛒 How to Buy & Store ENS
- Select an Exchange: ENS is a well-established cryptocurrency and is available on most major centralized exchanges (CEXs) such as Binance, Coinbase, Kraken, KuCoin, Bybit, OKX, and many others. It’s also available on decentralized exchanges (DEXs) on Ethereum (e.g., Uniswap) and its Layer 2 solutions.
- Set Up an Account: Register and complete the KYC (Know Your Customer) verification process on your chosen centralized exchange.
- Deposit Funds: Deposit fiat currency (USD, EUR, etc.) via bank transfer, credit/debit card, or other supported payment methods, or deposit other cryptocurrencies (like USDT, BTC, ETH) into your exchange account.
- Purchase ENS: Navigate to the trading pair for ENS (e.g., ENS/USDT, ENS/BTC, ENS/ETH) and place a buy order.
- Secure Storage: For long-term security, it’s highly recommended to withdraw your ENS tokens from the exchange and store them in a secure non-custodial wallet that supports ERC-20 tokens.
- Hardware Wallets: Ledger and Trezor offer the highest level of security for storing ERC-20 tokens like ENS.
- Software Wallets: Wallets like MetaMask, Trust Wallet, Exodus, and Rainbow Wallet also support ERC-20 ENS.
🔮 Future Roadmap
ENS’s future roadmap is driven by its DAO and focuses on expanding its utility, interoperability, and user experience:
- Layer 2 Integrations: Further integration with Ethereum Layer 2 solutions (e.g., Arbitrum, Optimism) to enable cheaper and faster name registrations and management.
- DNSSEC Integration: Enhancing the ability for existing DNS names to be used securely within ENS, bridging Web2 and Web3 identities.
- ENS Subdomains: Improving tools and systems for projects and communities to manage their own subdomains (e.g.,
user.project.eth). - Decentralized Identity Enhancements: Expanding the types of records and functionalities that can be linked to an ENS name, making it a more comprehensive decentralized identity hub.
- Broader Ecosystem Adoption: Working with more wallets, dApps, and service providers to ensure seamless integration and usage of ENS names.
- Improved Governance: Continuously refining the ENS DAO’s structure and processes to ensure efficient and effective decentralized governance.
- Privacy Features: Exploring ways to integrate privacy-enhancing technologies with ENS.
🏁 Conclusion
Ethereum Name Service (ENS) is a critical piece of the Web3 infrastructure, simplifying the complex world of blockchain addresses into human-readable names. By providing a decentralized, censorship-resistant naming system, ENS not only enhances user experience for crypto transactions and decentralized website access but also serves as a foundational layer for self-sovereign digital identity. The ENS token, as the governance token, empowers its community to direct the future of this essential protocol. As Web3 continues its expansion, ENS is poised to become even more integral to how users interact with decentralized applications and manage their digital lives.
About Ethereum Name Service (ENS)
| Contract | |
| Website | ens.domains |
| Explorers | Etherscan |
| Community | |
| API idd | ethereum-name-service |
Ethereum Name Service (ENS) USDC (1 ENS) To USD//Coin) Exchange Calculator
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