ENS, short for Ethereum Name Service, is a decentralized domain name service built on the Ethereum blockchain. Launched in May 2017, ENS simplifies complex blockchain addresses into human-readable names (e.g., vitalik.eth), enhancing usability for transactions, payments, and decentralized applications (DApps).
This comprehensive guide covers:
- What is ENS?
- How ENS domains work
- Step-by-step registration
- ENS token ($ENS) analysis
- Future potential and investment outlook
Latest ENS News (2025 Update)
ENS token surged 10% following the announcement of Namechain, a new Ethereum Layer 2 solution by ENS Labs. Namechain aims to reduce registration costs and scale blockchain identity via rollups, synergizing with ENSv2. Despite the brief price spike to $21.56**, ENS stabilized below **$19.22.
👉 Trade ENS with 50x leverage on OKX
What Is an ENS Domain?
ENS transforms lengthy Ethereum addresses (e.g., 0x71C7656EC7ab88b098defB751B7401B5f6d8976F) into simpler formats like username.eth. Key features:
- NFT Compatibility: Each
.ethdomain is an ERC-721 NFT, tradable on platforms like OpenSea. - Multi-Crypto Support: Works with ETH, BTC, LTC, DOGE, and more.
- Decentralized Identity: Link domains to social profiles, emails, or NFT collections.
ENS Pricing Structure
| Character Length | Annual Fee |
|------------------|------------|
| ≥5 characters | $5 |
| 4 characters | $160 |
| 3 characters | $640 |
Note: Gas fees apply for on-chain transactions.
How to Register an ENS Domain
- Visit ENS Official Site and connect your Ethereum wallet (e.g., MetaMask).
- Search for your desired domain (e.g.,
yourname.eth). - Pay the annual fee in ETH (+ gas fees).
- Configure: Link your wallet address or other crypto addresses.
👉 Secure your ENS domain today
ENS Token ($ENS): Overview
- Total Supply: 100 million $ENS.
- Use Case: Governance token for ENS DAO (decentralized autonomous organization).
Allocation:
- 50% to Treasury (4-year vesting).
- 25% airdropped to users.
- 18.96% to core contributors.
Price Performance (2021–2025)
| Metric | Value |
|-----------------|---------------------|
| Current Price | $18.83 (-2.70% 24h) |
| All-Time High | $83.40 (2021) |
| Market Cap | $687.1M (#87 rank) |
Is ENS a Good Investment?
Pros:
- First-mover advantage in decentralized naming.
- Growing adoption: 112K+ domains registered; 500+ integrated platforms.
- Web3 utility: Critical for decentralized identity (DID) ecosystems.
Cons:
- Competition: Potential rivals in blockchain naming services.
- Token inflation: 25% unlocked tokens may increase selling pressure.
2025 Price Prediction: $72.82 (high) – $51.91 (low).
Where to Buy ENS Token?
Top platforms for trading $ENS:
- OKX (Trade ENS/USDT)
- Binance
- Coinbase
For leveraged trading, OKX offers up to 50x leverage.
FAQ
1. Can ENS domains expire?
Yes, domains require annual renewal. Lapsed domains enter a 90-day grace period before becoming available to others.
2. Is ENS compatible with Bitcoin?
Yes! ENS supports BTC, LTC, and DOGE addresses via cross-chain resolvers.
3. How do I transfer my ENS domain?
Use NFT marketplaces like OpenSea or transfer directly via your Ethereum wallet.
Conclusion
ENS bridges the gap between complex blockchain addresses and user-friendly interactions. While its token faces market volatility, its foundational role in Web3 makes it a compelling long-term asset.
Ready to invest? 👉 Buy ENS on OKX
Keywords:
ENS coin, Ethereum Name Service, ENS domain, Web3 naming, decentralized identity, $ENS price prediction, crypto domains
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