Ethereum Name Service 

ENS Price

What is the Ethereum Name Service token?

Ethereum Name Service (ENS) is a decentralized naming system built on Ethereum that maps human-readable .eth names to wallet addresses, smart contracts and decentralized websites, filling a role analogous to DNS for the internet. The ENS token is the governance asset of the ENS DAO: holders vote on protocol parameters, upgrades and treasury spending. Core development is carried out by ENS Labs.

Is ENS a coin or a token?

ENS is a token, not a coin. It is an ERC-20 asset deployed on Ethereum mainnet at contract address 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72, with 18 decimals, verifiable on Etherscan. The token has no blockchain of its own and no independent consensus mechanism, so ENS relies on Ethereum's security. DropsTab classifies ENS under Web 3.0.

What is the main purpose of the Ethereum Name Service?

The purpose of the Ethereum Name Service is to replace long hexadecimal wallet and contract addresses with short, memorable names ending in .eth. A registered name can point to wallet addresses, smart contracts, content hashes and decentralized websites, and the owner keeps full control over transfers. Registration itself is paid in Ethereum; the ENS token is not required to register a name. The project reports over 35 million names registered.

How many ENS tokens exist and how is the supply allocated?

ENS has a fixed maximum supply of 100,000,000 tokens, equal to its total supply, per DropsTab data. The token generation event took place on November 9, 2021. Allocation of the fixed cap: 50% to the Community Treasury, 25% to Contributors, 25% to the community Airdrop. No inflation mechanism exists beyond this allocation, so new ENS cannot be created; the only discretionary supply source is DAO-approved treasury spending.

What does ENS's vesting schedule mean for investors?

Per DropsTab vesting data, the entire fixed supply finished unlocking on November 9, 2025, exactly four years after TGE. The airdrop tranche carried no lock-up. The Treasury and Contributor buckets followed a May 4, 2022 cliff, then linear daily releases of about 29,856 and 13,735 tokens respectively. No scheduled unlocks remain, so emission-driven sell pressure is exhausted. The remaining overhang is discretionary DAO treasury spending, with the Community Treasury the single largest holder.

Who funded the Ethereum Name Service?

Ethereum Name Service was funded by a $1,000,000 grant from the Ethereum Foundation in May 2018, which covered early protocol development. ENS Labs raised no priced venture round with outside investors. Ongoing development is financed through ENS DAO governance budgets rather than recurring external capital. In 2026 the DAO approved a staffed ENS Foundation to steward treasury assets, with roughly $65M designated as an endowment.

What did the ENS airdrop distribute and who qualified?

Ethereum Name Service distributed 25,000,000 ENS through a community airdrop to existing .eth name holders and users of the Ethereum deposit contract. The distribution was fully unlocked at the token generation event, with no lock-up and no cost to recipients. The claim window closed once the token began trading. No airdrop or points campaign has run since.

Where can you buy the ENS token?

ENS trades across all three market types. Per DropsTab data, more than 50 spot markets list ENS on centralized exchanges, including Binance, Coinbase, Kraken, OKX, Bybit and Upbit, with quotes in USD, EUR, KRW, TRY and other fiat and stablecoin pairs. Over 10 venues run ENS perpetual futures. On Ethereum mainnet decentralized exchanges, ENS trades against WETH on Uniswap and Sushiswap and in Balancer pools. Liquidity risk is minimal given this tier-1 venue coverage.

Does ENS offer staking?

ENS has no native staking program. Holding ENS entitles the holder to vote in ENS DAO governance on protocol upgrades and treasury use; holding ENS does not generate staking rewards. Search interest in an ENS staking calculator usually conflates token staking with .eth domain-name renewals, which are annual fees paid in Ethereum, or refers to third-party websites. Renewal fees do not flow to token holders.

Is ENS building its own blockchain?

ENS Labs announced a layer-2 network called Namechain in November 2024, then cancelled the plan on February 6, 2026. The team deployed ENSv2 exclusively on Ethereum mainnet, where it went live on October 27, 2026. ENSv2 introduces hierarchical, per-domain registries, finer-grained permissions and improved resolution. Migration of existing .eth names to the new registry structure is voluntary and opt-in.