Ethereum Name Service Price Today – ENS Coin Chart & Crypto Market Cap

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Ethereum Name Service (ENS) is currently trading at $18.80**, with a 24-hour trading volume of **$26,677,505. The price has seen a drop of 3.55% over the past 24 hours, yet remains up 1.68% over the last seven days. With a circulating supply of 36,493,773 ENS tokens, the project holds a market capitalization of $685,947,753, positioning it at #79 among all cryptocurrencies.

All data is updated in real time, ensuring investors and users have access to the latest market insights. For those looking to trade ENS, the most active and trusted exchanges include Binance, KuCoin, and Kraken. To keep your digital assets secure, consider using leading hardware wallets like Ledger and Trezor—trusted solutions in the crypto community.

👉 Discover how decentralized identity solutions are shaping the future of Web3.

What Is Ethereum Name Service (ENS)?

Ethereum Name Service (ENS) is the native token of the ENS platform—a decentralized system designed to simplify interactions on the Ethereum blockchain. Think of it as the Web3 equivalent of traditional Domain Name Service (DNS), but instead of mapping domain names to IP addresses, ENS links human-readable names (like yourname.eth) to machine-readable identifiers such as cryptocurrency addresses, content hashes, and metadata.

As of mid-2022, over 1 million .eth domains had been registered, showcasing growing adoption across the decentralized web. This trend continues into 2025, with increasing integration across wallets, dApps, and NFT platforms.

The ENS token serves primarily as a governance token, empowering holders to vote on key protocol decisions. These include proposals related to pricing models for domain registrations (e.g., how much it costs to register or renew a .eth address), upgrades to smart contracts, and treasury management.

Token Distribution & Supply Model

The total supply of ENS is capped at 100 million tokens, making it a deflationary asset by design. This scarcity model can contribute to long-term value appreciation as demand grows. The initial distribution was structured as follows:

This fair and transparent allocation supports decentralization and aligns incentives across the community.

Key Features of Ethereum Name Service

Fully Decentralized Architecture

Built on the Ethereum blockchain, ENS operates without central control. It uses two core smart contracts:

This architecture ensures censorship resistance and permanent ownership—once you own a domain, no third party can take it away.

Human-Readable Web3 Domains

ENS converts complex wallet addresses (e.g., 0x...abc123) into simple names like alice.eth. These are often referred to as “the first step into the metaverse” due to their foundational role in identity and access within Web3.

Users can also:

There are no restrictions on who can register a domain—anyone with ETH can claim one through an auction or direct registration process.

Interoperability Across dApps & Wallets

ENS enjoys broad support across the crypto ecosystem:

This widespread adoption reinforces ENS as a critical infrastructure layer in the evolving Web3 landscape.

👉 See how top Web3 projects are using decentralized naming systems today.

Security & Community Incentives

To ensure robustness and trust, ENS launched a bug bounty program, offering rewards of up to $250,000 for critical vulnerability reports. This proactive security approach reflects the team’s commitment to maintaining protocol integrity in a high-stakes environment.

Additionally, governance participation is open to all token holders. Proposals are debated and voted on through the ENS DAO, promoting transparency and community-driven evolution.

Who Developed Ethereum Name Service?

ENS was initially launched in 2017 under the umbrella of the Ethereum Foundation. However, by 2018, it transitioned into an independent organization governed by its own decentralized autonomous organization (DAO).

The core development team consists of experienced engineers and researchers with backgrounds at major tech and blockchain organizations, including Google and Ethereum Foundation projects. As of 2022, 12 core contributors were publicly listed, though the team has since evolved with ongoing community contributions.

Governance Security: Multisig Control

For added security during early stages, ENS implemented a 4-of-7 multisignature model for root node control. Seven trusted individuals hold signing keys:

At least four signatures are required for any critical change—ensuring no single entity can act unilaterally.

While there's no public record of formal investment rounds, notable supporters include:

These partnerships highlight strong institutional confidence in ENS’s long-term vision.

Frequently Asked Questions (FAQ)

🔹 What is the purpose of the ENS token?

The ENS token enables governance within the Ethereum Name Service ecosystem. Holders can vote on proposals related to protocol upgrades, treasury usage, domain pricing policies, and more.

🔹 How do I buy ENS tokens?

You can purchase ENS on major cryptocurrency exchanges such as Binance, KuCoin, Kraken, and others. After buying, store your tokens securely in a non-custodial wallet like MetaMask or Ledger.

🔹 Can I use my existing domain with ENS?

Yes! ENS allows users to import domains from traditional DNS systems (e.g., .com, .org) into Web3, linking them to blockchain addresses and decentralized applications.

🔹 Is ENS a good long-term investment?

ENS plays a foundational role in Web3 identity infrastructure. With growing adoption across wallets, dApps, and NFT platforms, many analysts view it as a strategic long-term holding—though all crypto investments carry risk.

🔹 How does ENS differ from traditional DNS?

Unlike centralized DNS managed by ICANN, ENS runs on the Ethereum blockchain. This makes it resistant to censorship, gives users full ownership of their names, and enables programmable functionality through smart contracts.

🔹 Where can I check live ENS price charts?

Real-time price data, market cap trends, and trading volume for ENS are available on major crypto tracking platforms like CoinMarketCap, CoinGecko, and directly through exchange interfaces.

Final Thoughts

Ethereum Name Service stands at the intersection of usability and decentralization—bridging the gap between complex blockchain addresses and everyday users. By providing human-readable identities in Web3, ENS simplifies everything from sending crypto to accessing dApps and managing digital personas.

As adoption accelerates in 2025 and beyond, ENS is well-positioned to become a cornerstone of decentralized identity—much like DNS shaped the early internet.

👉 Start exploring decentralized naming systems and take control of your digital identity now.

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