Ethereum Name Service (ENS): Price Index, Live Chart & Market Cap Overview

What is Ethereum Name Service (ENS)?

Ethereum Name Service is the pioneering open-source blockchain domain protocol built on Ethereum. ENS simplifies crypto transactions by mapping human-readable domain names (e.g., chad.eth) to:

• Cryptocurrency wallet addresses
• Content hashes
• Metadata records

This system enhances usability while maintaining blockchain decentralization principles. The ENS token serves as the platform's native governance asset.

Key Features of ENS Domains

When you register an ENS domain:

1. You receive an ERC721 NFT representing your domain ownership
2. Domains are valid for a fixed period (renewable annually)
3. Supports both .eth names and traditional extensions (.com, .org, etc.)
4. Enables subdomain creation (e.g., crypto.bob.eth from bob.eth)

👉 Explore ENS-compatible wallets to manage your digital identity seamlessly.

Decentralized Website Hosting

ENS integrates with IPFS to launch censorship-resistant websites:

1. Upload your site to IPFS
2. Access it via your ENS domain
3. Maintain complete ownership without centralized hosting

ENS Ecosystem Integration

With 463+ active integrations, ENS works across major platforms:

ENS Tokenomics Explained

Supply Distribution

• Total supply: 100 million ENS tokens

• Allocation:

  • 50% → ENS DAO Treasury
  • 25% → Early contributors & core team
  • 25% → Airdrop to .eth domain holders

👉 Learn about governance tokens and their role in decentralized ecosystems.

Vesting Schedule

Tokens unlock progressively over four years, ensuring long-term protocol development.

Founding Team & Development

Nick Johnson launched ENS in 2017 under the Ethereum Foundation. Key milestones:

• 2018: Incorporated as True Names Limited (Singapore non-profit)
• Major collaborators: Cloudflare, Protocol Labs, Chainlink
• Infrastructure partners: Ethereum Classic Labs, IPFS

ENS Price Factors

Market valuation reflects:

1. Adoption rate of .eth domains
2. DAO treasury management decisions
3. Web3 ecosystem growth
4. Governance participation levels

Frequently Asked Questions

How do I register an ENS domain?

1. Visit the ENS official app
2. Search for available names
3. Complete registration (ETH payment required)
4. Manage your NFT domain via compatible wallets

Can I transfer my ENS domain?

Yes – as ERC721 NFTs, ENS domains can be:

• Traded on NFT marketplaces
• Transferred between wallets
• Used as collateral in DeFi protocols

What determines ENS token value?

Key drivers include:

• Domain registration volume
• Protocol upgrades
• DAO governance activity
• Web3 adoption trends

How does ENS compare to traditional DNS?

While DNS relies on centralized authorities, ENS offers:

• Blockchain-based ownership
• Censorship resistance
• Native crypto integration
• Smart contract compatibility