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Ethereum Name Service

ENS

Domain name system based on Ethereum

ens

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Categories:

Name Service

DID

Infra

Ecosystem:

Ethereum

Founded:

2018

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. Its purpose is to map human-readable names like 'alice.eth' to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports 'reverse resolution', enabling Ethereum addresses to be associated with metadata such as canonical names or interface descriptions. ENS has similar objectives to DNS, the Internet's Domain Name Service, but has a significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.

Ethereum Name Service Team

Ethereum Name Service

ENS

Add

-5.71%

Total dollar volume24H

$125,408,625

High24H

27.56 USDT

Low24H

24.61 USDT

Market Cap

#96$820,848,229

FDV

$2,475,000,000

Market Cap / FDV Ratio

0.33

Turnover rate

15.28%

Circulating supply

33,165,585

Total supply

100,000,000

Max supply

100,000,000

All time high

32.21 USDT

All time high date

Aug 10, 2025

Down from All time high

-23.16%

Cycle low

23.78 USDT

Cycle low date

Aug 22, 2025

Up from cycle low

4.08%

Contracts

Official links

Socials

Introduction

Ethereum Name Service (ENS) is a decentralized protocol that allows users to convert complex Ethereum addresses into human-readable names, such as "alice.eth". This simplifies the process of managing crypto addresses and interacting with decentralized applications (dApps). ENS operates through smart contracts on the Ethereum blockchain and is governed by a decentralized autonomous organization (DAO), giving users control over domain registration, management, and associated metadata.

In 2024, ENS is undergoing significant upgrades, including the rollout of ENSv2, a Layer 2 solution aimed at improving scalability and reducing gas fees. This migration will allow users to register and manage ENS names on Layer 2, while still supporting Layer 1 functionality. ENSv2 also brings enhanced flexibility and new features for name management, which are designed to cater to both developers and end-users. The migration process is expected to be smooth, with ENS Labs working to ensure a seamless experience for existing domain holders.

Additionally, ENS has made strides in expanding its user base by integrating with traditional Web2 systems. A notable partnership with GoDaddy allows users to link ".eth" names to traditional domain extensions like ".com", bridging Web2 and Web3 technologies. This move aims to make Web3 more accessible to the general public, enhancing ENS's appeal beyond the crypto community as it continues to grow, with over 2.1 million registered domains in 2024.

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