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Ethereum Name Service Price

(ENS)

$4.481
0.00%(5m)

1m5m15m1h8h1d1W
Ethereum Name Service (ENS) Live Price Chart

    Ethereum Name Service Live Price Data

    The live price of Ethereum Name Service is 4.481, with a total trading volume of -- in the last 24 hours. The price of Ethereum Name Service changed by +0.8% in the past day, and its value has increased by +8.36% over the last week. With a circulating supply of 40,986,454 ENS, the market cap of Ethereum Name Service is currently 0 , marking a +0.8% increase today. Ethereum Name Service currently ranks #129 in market cap.

    How do you feel about ENS today?

    Note: This data is for reference only.
    pk

    ENS(ENS) Profile

    altRank129
    rateBBB
    Expand
    $4.428
    $4.664

    ATH
    $85.68745026
    Price Change (1h)
    +0.17%
    Price Change (24h)
    +0.80%
    Price Change (7d)
    +8.36%
    Market Cap
    24h Volume
    Circulating Supply
    40,986,454
    Max Supply
    100,000,000

    About Ethereum Name Service

    • What Is Ethereum Name Service (ENS) Crypto?

      The Ethereum Name Service (ENS) is a decentralized system that links human-readable names, like "example.eth," to machine-readable identifiers, such as Ethereum addresses. This makes it easier for users to interact with the Ethereum blockchain by using simple names instead of long, complicated addresses.

      ENS works similarly to the Internet's Domain Name System (DNS) but is built on the Ethereum blockchain. It does not aim to replace DNS but to work alongside it, providing a secure and decentralized way to manage domain names and crypto addresses.

      Using ENS, you can register a domain name for a small fee plus Ethereum transaction costs. These domains can be used to receive ETH and ERC20 tokens, making transactions simpler and reducing the risk of errors.

      ENS is managed by a decentralized autonomous organization (DAO), which uses the ENS governance token for decision-making. Token holders can submit proposals and vote on the future development of the protocol​.

    • How Does Ethereum Name Service Work?

      The Ethereum Name Service (ENS) simplifies the use of Ethereum addresses by turning long, complex addresses into easy-to-remember names like "yourname.eth". This system works through two main smart contracts on the Ethereum blockchain: the registry and the resolver.

      1. Registry: This smart contract keeps track of all the registered domains and stores information about each domain's owner, resolver, and caching time.
      2. Resolver: This smart contract translates human-readable names into machine-readable Ethereum addresses and vice versa.

      To get an ENS domain, you visit the ENS app, search for an available name, and register it by confirming two transactions from your Ethereum wallet. Once registered, you can link your domain to your crypto wallets, websites, or create subdomains.

      ENS domains can be bought, sold, and even used as collateral for loans. This system makes interacting with the Ethereum blockchain more user-friendly and reduces errors associated with copying and pasting long addresses​.

    • History of Ethereum Name Service and ENS Coin

      The Ethereum Name Service (ENS) was founded by Nick Johnson, a former software engineer at Google, who later joined the Ethereum Foundation. Johnson started developing ENS while working on decentralized data storage with Swarm at the Ethereum Foundation. He was inspired to create a system that could make complex Ethereum addresses more accessible and user-friendly.

      ENS launched on May 4, 2017. It aims to function like the Domain Name System (DNS) for the Ethereum blockchain, translating long, complex Ethereum addresses into simple, human-readable names such as "yourname.eth." This makes it easier to send and receive cryptocurrencies without the risk of errors.

      The ENS roadmap includes several significant updates:

      1. Layer 2 Interoperability: ENS plans to integrate with Layer 2 solutions like Arbitrum and Optimism to improve scalability and reduce costs.
      2. Gasless DNS Integration: Users will be able to register DNS names on the ENS system without transaction fees.
      3. Expansion and Adoption: ENS aims to make its domains the standard for decentralized digital identity in Web3, enhancing user experience and accessibility.
    • How to Use ENS Token

      The ENS token is primarily used for governance within the ENS protocol. Here are the key uses:

      1. Governance: ENS token holders can participate in the decision-making process of the ENS DAO. You can vote on proposals that influence ENS protocol’s development and management, such as changes in pricing or technical upgrades​.
      2. Delegation: You can delegate your voting power to a representative who can vote on your behalf, ensuring that your interests are represented even if you don't vote directly on every proposal​.
      3. Funding Proposals: ENS tokens are used to fund proposals that benefit the ENS ecosystem, including grants and other initiatives to improve the service​.
      4. Community Treasury: The ENS DAO manages a community treasury funded by the ENS tokens. This treasury supports various projects and initiatives proposed and voted on by the community​.
      5. Trade ENS on KuCoin: Trade Ethereum Name Service tokens against other listed cryptos on the KuCoin Spot Market after you do your own research (DYOR). Buy, sell, or HODL $ENS based on your investment goals and risk tolerance.
    • What Is Ethereum Name Service Tokenomics?

      The total supply of ENS is fixed at 100 million tokens. The ENS token distribution is as follows:

      • DAO Community Treasury: 50% (50 million tokens).
      • Airdrop to .ETH holders: 25% (25 million tokens).
      • Contributors: 25% (25 million tokens), which includes core contributors (18.96%), select integrations (2.5%), future contributors (1.25%), external contributors (1.29%), launch advisors (0.58%), keyholders (0.25%), active Discord users (0.125%), and translators (0.05%).

      The initial token launch was on November 8, 2021. The full supply of ENS tokens is expected to be unlocked by December 2025.

      Ethereum Name Service Vesting Schedule

      • 5% of the DAO treasury tokens were unlocked at launch, with the remaining 45% vesting linearly over four years.
      • For contributors, 5.47% were unlocked at launch, with additional amounts unlocking after a 6-month cliff, followed by linear vesting over the next 2.5 years​

    FAQ

    • How much is 1 Ethereum Name Service (ENS) worth?

    • Is Ethereum Name Service (ENS) a Good Investment?

    • What Is Ethereum Name Service Price Prediction?

    • How Much Does It Cost to Get an ENS Domain?

    • How to Get an Ethereum Name Service Domain

    • Difference Between Ethereum Name Service (ENS) and Domain Name Service (DNS)

    • What is the all-time high price of Ethereum Name Service (ENS)?

    • What is the all-time low price of Ethereum Name Service (ENS)?

    • How much Ethereum Name Service (ENS) is there in circulation?

    • How do I store Ethereum Name Service (ENS)?