$15.71
24H %
-0.86%
24H Low
$15.44
24H High
$16.53
DownloadIcon
TO

Linear
Log

About Ethereum Name Service

Sector

Digitization


Industry Group

Digitization


Industry

Digitization



The Ethereum Name Service price is $15.71, a change of -0.86% over the past 24 hours as of 1:04 p.m. The recent price action in Ethereum Name Service left the tokens market capitalization at $405,058,334.11. So far this year, Ethereum Name Service has a change of 44.55%. Ethereum Name Service is classified as a Digitization under CoinDesks Digital Asset Classification Standard (DACS).


ENS is the governance token of the Ethereum Name Service, a decentralized system for domain names that shortens Ethereum's long wallet addresses into readable addresses.

Outside of the ENS DAO, the ENS is a regular ERC-20 token. It trades on cryptocurrency exchanges, and the price of each token waxes and wanes according to market demand.

Ethereum Name Service Price

The ENS token hit its all-time high price of $85.69 in November 2021.

The token has a maximum supply of 100 million. At launch, the project airdropped 25% of the supply to holders of .ETH domain names. More than 137,000 wallets were eligible for the drop. As of May 2022, about 100,000 addresses have claimed 19.5 million ENS from the airdrop, or 78% of the total airdropped supply, according to a dashboard on Dune Analytics.

Also at launch, another 25% of the supply was airdropped to contributors, who include the development team, translators and advisers, subject to a four-year vesting schedule. The remaining 50% was reserved for the DAO Community Treasury, with 10% at launch and the rest set to be released over the next four years.

The total liquid supply should reach the fixed, capped amount of 100 million by early 2027, according to crypto data provider Messari.

How does the Ethereum Name Service work?

ENS powers a vast network of decentralized domain names. The domain names themselves are technically NFTs – non-fungible tokens – meaning that each is unique and relates to a specific domain name. They are used to shorten wallet addresses, kind of like a nickname for an Ethereum wallet that can be shared with senders instead of the full address that holds “0x” as its prefix.

The domain names can be used as website addresses for sites hosted on IPFS – the Inter-Planetary File Service, a network for hosting decentralized, censorship-resistant websites on Ethereum. ENS charges an annual rental fee for one of these domain names.

The ENS token, however, is a fungible token that’s used to govern this network of decentralized domain names. Holders can determine the parameters that define the future of the Ethereum Name Service by staking them in ENS’s decentralized autonomous organization (DAO).

Key events and management

The Ethereum Name Service was one of the first Ethereum NFTs. Launched in May 2017, it predates art projects like CryptoKitties by about six months. The NFTs use the same token standard, however, or ERC-721, while the fungible tokens are regular ERC-20 tokens.

ENS was developed by developers from the Ethereum Foundation, mostly Nick Johnson and Alex Van de Sande. Johnson left the Ethereum Foundation in May 2018 after receiving $1 million to work on the project.

The ENS DAO has effected genuine changes since it launched in November 2021. One of its first high-profile moves, in March 2022, was to remove Brantly Millegan as the director of the ENS Foundation – the Cayman Islands nonprofit that handles the day-to-day operations of ENS – for his views against homosexuality, abortion and transgender people.


Previously Aired
CDTV logo

The Federal Reserve's two-day meeting is underway, with a decision on interest rates expected Wednesday afternoon. Tactive Wealth Advisor Eddy Gifford shares his outlook on bitcoin (BTC). This comes as Bloomberg reports a bipartisan group of U.S. senators is pushing Silvergate Capital to provide more details about what it knew about FTX’s alleged misuse of customer funds. And 507 Capital Managing Partner Thomas Braziel joins the conversation discussing the latest legal developments for bankrupt crypto lender Celsius.

$405.06M

$56.12M


Ethereum Name Service Price

24H Open
$15.82
24H Change
$-0.13543052
52 Week Low
$7.08
52 Week High
$26.07
All Time High
$83.40
Returns (YTD)
44.55%

Ethereum Name Service Market Stats

Total Supply
25.78M
Max Supply
100.00M
24H Value Transacted
N/A
30D Volatility
0.72094600
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About Ethereum Name Service

Sector

Digitization


Industry Group

Digitization


Industry

Digitization



The Ethereum Name Service price is $15.71, a change of -0.86% over the past 24 hours as of 1:04 p.m. The recent price action in Ethereum Name Service left the tokens market capitalization at $405,058,334.11. So far this year, Ethereum Name Service has a change of 44.55%. Ethereum Name Service is classified as a Digitization under CoinDesks Digital Asset Classification Standard (DACS).


ENS is the governance token of the Ethereum Name Service, a decentralized system for domain names that shortens Ethereum's long wallet addresses into readable addresses.

Outside of the ENS DAO, the ENS is a regular ERC-20 token. It trades on cryptocurrency exchanges, and the price of each token waxes and wanes according to market demand.

Ethereum Name Service Price

The ENS token hit its all-time high price of $85.69 in November 2021.

The token has a maximum supply of 100 million. At launch, the project airdropped 25% of the supply to holders of .ETH domain names. More than 137,000 wallets were eligible for the drop. As of May 2022, about 100,000 addresses have claimed 19.5 million ENS from the airdrop, or 78% of the total airdropped supply, according to a dashboard on Dune Analytics.

Also at launch, another 25% of the supply was airdropped to contributors, who include the development team, translators and advisers, subject to a four-year vesting schedule. The remaining 50% was reserved for the DAO Community Treasury, with 10% at launch and the rest set to be released over the next four years.

The total liquid supply should reach the fixed, capped amount of 100 million by early 2027, according to crypto data provider Messari.

How does the Ethereum Name Service work?

ENS powers a vast network of decentralized domain names. The domain names themselves are technically NFTs – non-fungible tokens – meaning that each is unique and relates to a specific domain name. They are used to shorten wallet addresses, kind of like a nickname for an Ethereum wallet that can be shared with senders instead of the full address that holds “0x” as its prefix.

The domain names can be used as website addresses for sites hosted on IPFS – the Inter-Planetary File Service, a network for hosting decentralized, censorship-resistant websites on Ethereum. ENS charges an annual rental fee for one of these domain names.

The ENS token, however, is a fungible token that’s used to govern this network of decentralized domain names. Holders can determine the parameters that define the future of the Ethereum Name Service by staking them in ENS’s decentralized autonomous organization (DAO).

Key events and management

The Ethereum Name Service was one of the first Ethereum NFTs. Launched in May 2017, it predates art projects like CryptoKitties by about six months. The NFTs use the same token standard, however, or ERC-721, while the fungible tokens are regular ERC-20 tokens.

ENS was developed by developers from the Ethereum Foundation, mostly Nick Johnson and Alex Van de Sande. Johnson left the Ethereum Foundation in May 2018 after receiving $1 million to work on the project.

The ENS DAO has effected genuine changes since it launched in November 2021. One of its first high-profile moves, in March 2022, was to remove Brantly Millegan as the director of the ENS Foundation – the Cayman Islands nonprofit that handles the day-to-day operations of ENS – for his views against homosexuality, abortion and transgender people.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 02/01/23 1:04 PM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About Ethereum Name Service

CoinDesk - Unknown
Ethereum Scaling Tool Polygon's MATIC Token Surges Amid Spike in Transactions

The token's price is up 48% this year. The blockchain has the second-most number of daily active users, according to data from Token Terminal.

CoinDesk - Unknown
CoinDesk - Unknown
Solana Liquid-Staking Tool Marinade Looks to Bolster Its Token Value With Staked SOL Capture

Pseudonymous Marinade developer Cerba said the effort will bring more legitimacy to mSOL, which is ahead of Lido’s Solana LSD token despite that big-name protocol’s dominance on Ethereum.

CoinDesk - Unknown
CoinDesk - Unknown
Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama

Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.