Ethereum Name Service ENS

What ENS actually is on-chain

Ethereum Name Service is an ERC-20 deployed on Ethereum, at contract address 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72. That address, not the ticker ENS, is what uniquely identifies this asset: anyone can deploy a second token calling itself ENS, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, ENS is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in ENS itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For ENS the project publishes a whitepaper and an active account as @ensdomains. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where ENS sits in the market

#172 places Ethereum Name Service in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real ENS volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 7 live ENS order books (Binance, Bybit, OKX, Gate.io, HTX, Upbit…). That is wider coverage than most assets ranked near #172 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

ENS against its all-time high

ENS trades 94.2% below its $83.40 record (on 2021-11-11), which puts a 17.2x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

ENS across its historical range

The recorded range runs 16.6x, from $5.01 to $83.40 — wide by the standards of traditional assets, moderate for this one's class.

ENS is within -3.4% of its all-time low of $5.01, printed on 2026-02-06. This is the part of a chart with no history: there is no prior trading below this level, so there is no support to reference, no volume shelf and no cost-basis cluster to lean on. That low is recent, so this is an active downtrend rather than an old floor holding: each fresh low retires the previous one as a reference.

ENS supply structure

ENS is capped at 100.0 million ENS, of which only 40.0 million is circulating — 40.0% issued, leaving 60.0 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset ENS is

Ethereum Name Service is a base-layer network, so ENS is simultaneously the chain's security budget and its unit of account rather than a claim on a business. 3,072 tokens tracked on this site are tagged to its ecosystem. That is the second-largest such set here, behind Solana's 3,129. The honest way to value a chain at that scale is as infrastructure rent: demand for ENS is derived from how much economic activity chooses to settle there, and because large smart-contract platforms compete for the same developers, these assets trade on ecosystem-share narratives far more than on incremental releases. It is secured by proof of stake, so a portion of the supply is bonded to validators at any moment and the float genuinely available to trade is smaller than the circulating figure implies; unstaking queues, not order books, set how fast that can change.

CoinGecko files ENS under 5 categories, including NFT, Ethereum Ecosystem, Decentralized Identifier (DID), Name Service, Governance.

How to set a Ethereum Name Service alert that is worth receiving

Ethereum Name Service is the ERC-20 at 0xc183…9d72 on Ethereum — quoted on 7 venues we stream — high dated 2021-11-11 — rank #172. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →