Today's Ethereum Name Service Live Price in CNY
As of the latest update, Ethereum Name Service (ENS) is trading at $18.61 CNY, with a 24-hour price decline of 2.03%. The current market capitalization and trading volume data are under review. The ENS/CNY exchange rate updates in real-time.
Key Data Points:
- 24-hour Low: $18.6 CNY
- 24-hour High: $19.57 CNY
- All-Time High (ATH): $83.75 CNY (77.78% below current price)
- All-Time Low (ATL): $6.67 CNY (179.15% above current price)
👉 Track ENS price history for detailed trends.
What Is Ethereum Name Service (ENS)?
Ethereum Name Service is a decentralized naming system built on the Ethereum blockchain, transforming complex wallet addresses into human-readable names (e.g., yourname.eth). Founded by ex-Google engineer Nick Johnson, ENS operates as a public utility akin to DNS for the internet, enhancing security and usability in Web3 interactions.
How ENS Works:
- ENS Registry: Records domain ownership and resolver details.
- Resolver: Translates machine-readable addresses to domains.
- Hierarchical Structure: Allows subdomain control (e.g.,
sub.yourname.eth).
The ENS Token:
- Total Supply: 100 million ENS tokens.
- Utility: Governance token for ENS DAO, enabling community-driven decisions on pricing and protocol upgrades.
Ethereum Name Service Market Performance
Historical Price Trends (CNY):
| Period | Change (%) | Low | High |
|---|---|---|---|
| 24h | -2.03% | $18.6 | $19.57 |
| 7d | +1.40% | $17.68 | $19.77 |
| 1 Year | -28.44% | $11.9 | $50.53 |
👉 Explore ENS historical data for deeper insights.
Factors Influencing ENS Price
- Web3 Adoption: Demand for decentralized domains drives value.
- Ethereum Ecosystem: ENS benefits from Ethereum’s upgrades and scalability.
- Market Sentiment: Community governance and DAO participation impact price stability.
Ethereum Name Service Price Predictions
- 2026: Projected to reach $24.33 CNY.
- 2031: Expected to grow by 4.00% annually, potentially hitting $26.47 CNY.
Note: Predictions are speculative; conduct independent research before investing.
FAQ Section
1. How do I buy Ethereum Name Service (ENS)?
Purchase ENS on exchanges like Bitget using fiat or crypto deposits.
2. What is ENS used for?
ENS simplifies crypto transactions by replacing addresses with readable names (e.g., sending ETH to alice.eth).
3. Is ENS a good investment?
While ENS shows long-term potential, cryptocurrency investments are volatile. Diversify your portfolio and assess risks.
4. Where can I track ENS price changes?
Platforms like CoinMarketCap provide real-time ENS price charts and historical data.
Conclusion
Ethereum Name Service bridges blockchain complexity with mainstream usability, offering a secure, decentralized naming solution. With its governance token and growing Web3 integration, ENS is poised to play a pivotal role in the future of decentralized finance (DeFi). For real-time updates, refer to ENS price tracking tools and stay informed about Ethereum ecosystem developments.
👉 Start trading ENS today and explore its potential in the Web3 space!
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