Ethereum Name Service
ENS Price
The Ethereum Name Service simplifies blockchain interactions by transforming complex addresses into readable names. More
| Fully Diluted Valuation | $2.66B |
|---|---|
| 24H Trading Volume | $222.30M |
| 24H Low / High | $25.86 / $ 27.66 |
| Circulating Supply | 33.17 M |
| Total Supply | 100.00 M |
| Max Supply | 100.00 M |
| Categories | NFT 3 more |
|---|---|
| Founder | Nick Johnson 1 more |
| Website | ens.domains |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0xc18....f9d72
|
| Name | Pair | OG Score |
|---|
The Ethereum Name Service (ENS), launched in 2017, represents a revolutionary step in making the Ethereum-based web more accessible and comprehensible. As a distributed, open, and extensible naming system built on the Ethereum blockchain, ENS transforms complex alphanumeric wallet addresses into human-readable names, such as 'alice.eth'. This approach not only simplifies interactions within the blockchain ecosystem but also enhances security by minimizing transaction errors.
ENS's architecture, reminiscent of the Internet's Domain Name Service (DNS), allows users to have full control over their domains and subdomains. The service includes top-level domains like '.eth', managed by smart contracts, and supports importing existing DNS names. Significant in ENS's journey is its 2021 retroactive airdrop, rewarding early users, and its continued growth, marked by partnerships with major crypto wallets and browsers. Despite facing criticism in 2022, ENS remains a unique entity in Web3, backed by notable figures like Nick Johnson and organizations including the Ethereum Foundation.
Underpinning ENS is its decentralized governance through the ENS DAO (Decentralized Autonomous Organization), using the ENS token as a governance tool. The token, apart from enabling voting rights within the community, serves as an investment and trading asset. The latest advancements in ENS include plans for Ethereum Layer 2 interoperability and the introduction of gasless features, further simplifying the adoption of blockchain technology and enhancing its accessibility. With these developments, ENS is not only a crucial infrastructure for the decentralized web but also a testament to the evolving landscape of blockchain and cryptocurrency.
Ethereum Name Service (ENS) stands out for converting complex blockchain addresses into user-friendly names, enhancing web3 accessibility and security.
Ethereum Name Service (ENS) was co-founded by Nick Johnson and Alex Van de Sande, with its roots in the Ethereum Foundation.
ENS, while not having traditional investors, is supported by organizations such as the Ethereum Foundation, Binance_X, Chainlink, and Protocol Labs.
You can buy Ethereum Name Service (ENS) on Binance, BybitCoinbaseOKXMEXC cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Ethereum Name Service ENS. To access these ratings, evaluations, and comments, click here.
Ethereum Name Service (ENS) is not mineable; it operates on the Ethereum blockchain with a focus on domain name service, not cryptocurrency mining.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Ethereum Name Service (ENS) is ($33,165,585), max supply of Ethereum Name Service ENS is ($100,000,000) and the market cap of Ethereum Name Service ENS is ($880,555,851).
What is the Ethereum Name Service (ENS) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Ethereum Name Service (ENS) is $26. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Ethereum Name Service (ENS) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Ethereum Name Service ENS) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Ethereum Name Service (ENS) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Ethereum Name Service (ENS) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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