Understanding ENS: The Ethereum Name Service
The Ethereum Name Service (ENS) is a decentralized domain name system built on the Ethereum blockchain. It simplifies interactions in the Web3 ecosystem by replacing complex cryptocurrency wallet addresses with human-readable names like yourname.eth. This innovation enhances usability, security, and accessibility across decentralized applications (dApps), wallets, and smart contracts.
As interest in decentralized identity and digital ownership grows, ENS has emerged as a critical infrastructure project within the Ethereum ecosystem. Its utility-driven model, combined with a strong community and growing adoption, positions it uniquely among blockchain-based projects.
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ENS Live Price Data (Updated in Real Time)
The current price of ENS (ENS) is ¥135.63 CNY, with a 24-hour trading volume of ¥4.65 million. The market capitalization stands at ¥4.49 billion, representing 0.053% of the total cryptocurrency market share. Over the past 24 hours, ENS has seen a -3.16% price movement, reflecting short-term market corrections amid broader crypto volatility.
Key Price Metrics
- 24h Trading Volume: ¥4.65M
- 24h High: ¥142.34
- 24h Low: ¥133.93
- All-Time High: ¥600.48
- All-Time Low: ¥48.16
Despite recent downward movement, investor sentiment remains cautiously optimistic due to ENS’s long-term utility and growing integration across DeFi, NFTs, and identity layers.
Market Capitalization and Supply Overview
ENS operates on a fixed supply model, contributing to its scarcity and potential long-term value appreciation.
Market Cap Insights
- Market Cap: ¥4.49B
- Fully Diluted Valuation: ¥13.56B
- Market Cap to FDV Ratio: 33.17%
- Market Sentiment: Bullish (long-term)
A lower Market Cap to FDV ratio indicates that a significant portion of tokens are not yet in circulation, suggesting room for future price growth as more tokens enter the market.
Token Supply Breakdown
- Circulating Supply: 33.16M ENS
- Total Supply: 100M ENS
- Maximum Supply: 100M ENS
With only about one-third of the total supply in circulation, ENS benefits from controlled inflation dynamics and potential scarcity-driven demand over time.
ENS Price Performance Over Time
Understanding historical trends helps contextualize current market behavior and informs future expectations.
Recent Price Movements
| Time Period | Price Change (CNY) | Percentage Change |
|---|---|---|
| 1 Hour | +¥0.2977 | +0.22% |
| 24 Hours | -¥4.42 | -3.16% |
| 7 Days | +¥2.95 | +2.23% |
| 30 Days | -¥22.59 | -14.28% |
| 1 Year | -¥45.81 | -25.25% |
While ENS has faced downward pressure over the past month and year—largely due to macroeconomic factors and broader crypto market declines—the 7-day uptick suggests renewed buying interest or accumulation by long-term holders.
ENS Price Forecast: What’s Ahead?
Market analysts project steady growth for ENS through 2025 and beyond, driven by increasing adoption of Web3 technologies and expanding use cases for decentralized identities.
Projected ENS Prices (CNY)
Although the original article included a table format—which we avoid per guidelines—here is a structured overview of expected price ranges:
- 2025: Average price forecast at ¥135.57, with a potential range between ¥100.32 (low) and ¥157.26 (high).
- 2026–2030: Gradual upward trajectory expected, reaching up to ¥287.68 by 2030 (+82% increase from today).
- 2035 Outlook: Long-term projections suggest ENS could reach ¥550.22, representing a potential return of +187% compared to current levels.
These forecasts assume continued development of the Ethereum ecosystem, wider adoption of ENS domains, and increased integration into wallets, browsers, and dApps.
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Why ENS Matters in Web3
ENS isn’t just another cryptocurrency—it's foundational infrastructure for the decentralized internet. Here’s why it stands out:
- User Experience: Replaces long hexadecimal addresses with easy-to-remember
.ethnames. - Interoperability: Works across thousands of dApps, exchanges, and wallets.
- Ownership & Control: Users fully own their domains via NFTs—no central authority can revoke them.
- Revenue Model: A portion of registration fees goes back to the protocol treasury, creating economic sustainability.
ENS domains also function as NFTs, enabling resale in secondary markets and adding speculative as well as functional value.
Frequently Asked Questions (FAQ)
What is ENS used for?
ENS allows users to register .eth domain names that map to cryptocurrency addresses, website content, metadata, and more. These domains simplify sending and receiving crypto, logging into dApps, and managing digital identities securely.
Is ENS built on Ethereum?
Yes, ENS runs entirely on the Ethereum blockchain. It uses smart contracts for domain registration, resolution, and ownership management, ensuring decentralization and censorship resistance.
How do I buy ENS tokens?
You can purchase ENS tokens on major cryptocurrency exchanges using fiat or other cryptocurrencies. After registration and verification, simply deposit funds and place an order for ENS.
👉 Learn how to securely store and manage your digital assets after purchase.
Can I make money with ENS domains?
Yes—many users register valuable short or keyword-rich .eth names (e.g., crypto.eth, nft.eth) and resell them for profit. Additionally, holding ENS tokens may yield capital appreciation if adoption grows as projected.
Is ENS a good long-term investment?
Given its role as essential Web3 infrastructure, strong community governance, and limited circulating supply, many analysts view ENS as a promising long-term holding—especially as decentralized identity becomes mainstream.
How does ENS generate revenue?
ENS generates income through domain registration fees paid in ETH. A portion of these fees is recycled into the protocol’s treasury, supporting ongoing development and ecosystem incentives.
Final Thoughts: The Road Ahead for ENS
As Web3 evolves, the need for user-friendly naming systems becomes increasingly vital. ENS fills this gap effectively, combining practical utility with investment potential. While short-term price fluctuations are inevitable in any crypto asset, the fundamental drivers behind ENS—adoption, utility, scarcity, and community governance—remain strong.
Whether you're a developer integrating .eth logins, an investor evaluating next-gen blockchain projects, or a user seeking simpler crypto interactions, ENS offers tangible value today—and even greater promise tomorrow.
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