Ethereum Name Service
About Ethereum Name Service
The price of Ethereum Name Service (ENS) is $17.78 today, as of Sep 19 03:14 p.m., with a 24-hour trading volume of $120.65M. Over the last 24 hours, the price has increased by 7.85%. Ethereum Name Service currently has a circulating supply of 33.07M and a market cap of $587.89M.
ENS is the governance token of the Ethereum Name Service, a decentralized system for domain names that shortens Ethereum's long wallet addresses into readable addresses.
Outside of the ENS DAO, the ENS is a regular ERC-20 token. It trades on cryptocurrency exchanges, and the price of each token waxes and wanes according to market demand.
The ENS token hit its all-time high price of $85.69 in November 2021.
The token has a maximum supply of 100 million. At launch, the project airdropped 25% of the supply to holders of .ETH domain names. More than 137,000 wallets were eligible for the drop. As of May 2022, about 100,000 addresses have claimed 19.5 million ENS from the airdrop, or 78% of the total airdropped supply, according to a dashboard on Dune Analytics.
Also at launch, another 25% of the supply was airdropped to contributors, who include the development team, translators and advisers, subject to a four-year vesting schedule. The remaining 50% was reserved for the DAO Community Treasury, with 10% at launch and the rest set to be released over the next four years.
The total liquid supply should reach the fixed, capped amount of 100 million by early 2027, according to crypto data provider Messari.