Introduction to Ethereum Name Service (ENS)
The Ethereum Name Service (ENS) is a decentralized, open, and extensible naming system built on the Ethereum blockchain. It transforms complex wallet addresses into human-readable names (e.g., yourname.eth), simplifying crypto transactions and Web3 interactions.
Key ENS Token Metrics at a Glance
| Metric | Value |
|---|---|
| Market Cap | $670.53M |
| Fully Diluted Valuation (FDV) | $1.02B* |
| All-Time Low Price | $6.70 (Date: [Redacted]) |
*FDV based on max supply projections
Deep Dive into ENS Tokenomics
Supply Structure Breakdown
- Total Supply: 100M ENS tokens (fixed)
- Circulating Supply: ~75% of total supply
- Max Supply: Hard-capped at 100M tokens
Valuation Mechanics
FDV Calculation: Current Price × Max Supply
This projects market cap if all tokens circulated, helping identify over/undervaluation.
Why Traders Monitor These Metrics
- Liquidity Indicators
High circulating supply enables smoother trades with reduced slippage. - Scarcity Signals
Fixed max supply + measured release schedule create deflationary pressure. - Trust Factors
Transparent distribution schedules minimize centralization risks.
Historical Price Performance
ENS has demonstrated volatility typical of utility tokens, with notable patterns:
- Resistance levels near $25
- Support consolidation around $15
- 24-month ROI: +120% (outperforming many Web3 infrastructure tokens)
Strategic Considerations for Investors
Bullish Catalysts
- Expanding Web3 domain adoption
- Integration with major wallets (MetaMask, Coinbase Wallet)
- ENS roadmap’s DAO governance enhancements
Risk Factors
- Competition from alternative naming protocols
- Regulatory uncertainty around decentralized identity solutions
FAQ: ENS Tokenomics Explained
Q: What’s the inflation rate of ENS?
A: Near-zero post-2024, as all tokens will be released by then.
Q: How does ENS’s FDV compare to its market cap?
A: Current ~35% gap suggests room for valuation growth as more tokens circulate.
Q: Where can I stake ENS tokens?
A: Via ENS DAO governance or select DeFi platforms offering yield opportunities.
👉 Track ENS live price action with real-time charts and order book depth.
Data sources: CoinGecko, ENS DAO documentation, institutional research reports. Last updated: [Current Month] 2025.
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