What is Ethereum Name Service?
Ethereum Name Service (ENS) is the decentralized naming protocol for the Ethereum blockchain. It maps human-readable names like 'alice.eth' to machine-readable addresses, making crypto transactions simpler and more user-friendly.
ENS domains function as NFTs on Ethereum and can resolve to wallet addresses, content hashes, and traditional website URLs. Over 2 million .eth names have been registered since launch.
The ENS token is the governance token of the ENS DAO, which controls the protocol's treasury, pricing, and development direction. ENS holders vote on proposals that shape the protocol's future.
ENS Tokenomics
ENS has a fixed supply of 100 million tokens. 25% was airdropped to .eth domain holders, 25% to contributors, and 50% to the DAO treasury. The protocol generates revenue from domain name registrations and renewals.
ENS Historical Price Performance
ENS launched via airdrop in November 2021, immediately reaching $83.40. Some early .eth domain holders received airdrops worth tens of thousands of dollars. The token has since corrected but remains a key Ethereum infrastructure project.
Frequently Asked Questions
A .eth domain is a human-readable name that maps to your Ethereum address. Instead of sharing '0x1234...', you can share 'yourname.eth' for receiving crypto payments.
ENS domains cost $5/year for 5+ character names, $160/year for 4-character names, and $640/year for 3-character names, paid in ETH.
The ENS DAO is a decentralized autonomous organization that governs the ENS protocol. ENS token holders can vote on proposals affecting pricing, treasury spending, and protocol upgrades.
Yes, ENS domains can resolve to decentralized websites hosted on IPFS. You can access these by typing the .eth name in browsers that support ENS resolution.
What is a .eth domain?
A .eth domain is a human-readable name that maps to your Ethereum address. Instead of sharing '0x1234...', you can share 'yourname.eth' for receiving crypto payments.
How much does an ENS domain cost?
ENS domains cost $5/year for 5+ character names, $160/year for 4-character names, and $640/year for 3-character names, paid in ETH.
What is the ENS DAO?
The ENS DAO is a decentralized autonomous organization that governs the ENS protocol. ENS token holders can vote on proposals affecting pricing, treasury spending, and protocol upgrades.
Can ENS domains resolve to websites?
Yes, ENS domains can resolve to decentralized websites hosted on IPFS. You can access these by typing the .eth name in browsers that support ENS resolution.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.