Ethereum Name Service

ENS is the governance token of the Ethereum Name Service, which gives wallets readable names such as 'alice.eth'.

The Ethereum Name Service (ENS) lets people use a readable name like 'alice.eth' instead of a long blockchain address. Names are registered and renewed for a fee paid in ETH, and can also point to other addresses, websites and profile data. DefiLlama counted about $3.93 million of registration fees over the year to 1 October 2026.

The ENS token governs the ENS DAO, which controls the protocol and its treasury. Tokens were airdropped in 2021 to people who held ENS names. ENS Labs states that token holders can vote but have no right to dividends or revenue. Supply is capped at 100 million, of which about 42.27 million were circulating on 1 October 2026.

The DAO keeps much of its money in an Endowment managed by KPK. At the end of June 2026 it held $67.65 million, about 60% in ETH and liquid staking tokens and 40% in stablecoins, invested through staking and lending protocols such as Aave and Morpho. Its yield was about 31% of DAO income in the first half of 2026.

ENS Labs is building ENSv2, a new version of the protocol, and in 2026 simplified registration in the ENS App to a single step.