Ethereum Name Service

Ethereum Name Service is a decentralized naming system running on Ethereum that lets people use memorable names instead of long, complex wallet addresses. A user can register a name ending in .eth and point it to their own Ethereum address, their addresses on other chains, website content or profile information. The ENS token is a governance token issued on Ethereum.

ENS names are held as NFTs, which makes them transferable and viewable in wallets. .eth names are rented for set periods, with registration and renewal fees paid in ETH; shorter names carry higher fees. The system consists of registry and resolver contracts that translate names into addresses, and it is supported by many wallets and applications. ENS token holders vote in the ENS DAO or delegate their votes; decisions such as fee policy, treasury spending and a new version that includes extending the system to layer two are made within this structure.

The ENS price may be influenced by demand for name registrations and renewals, how widely wallets and applications have integrated the system, decisions concerning the DAO treasury and general activity in the Ethereum ecosystem. The price on Lzzo.com is obtained by converting the value formed in the ENS/USDT pair on Binance into dollars at the Coinbase Exchange USDT/USD rate; the chart follows the same series.