Bubble
Ethereum Name Service ENS
Ethereum Name Service (ENS) was trading at $5.36, ranked #161 by market cap at $225.65M, with 24h volume of $27.97M.
Data snapshot: 2026-09-02 12:15 UTC.
ENS maps human-readable .eth names to Ethereum addresses, replacing a 42-character hex string with something a person can actually read aloud. Names are registered for an annual fee rather than owned outright, so they expire if not renewed, and the revenue funds the DAO that governs the protocol. ENS maps readable names to Ethereum addresses, replacing a forty-character hexadecimal string with something a person can say out loud — which removes one of the more common ways people lose funds. Names are registered for a period and renewed, so the protocol has recurring revenue from renewals, which is unusual in this sector: most tokens have no revenue at all. ENS governs that system. On this map it is a small-cap infrastructure asset with an unusually straightforward business model behind it.
What does ENS do?
It maps readable names to Ethereum addresses, so funds can be sent to a name rather than a long hexadecimal string.
Why does that reduce risk?
Mistyped or wrongly pasted addresses are a common way funds are lost irrecoverably. A readable name that can be checked by eye removes much of that risk.
Does ENS have revenue?
Yes. Names are registered for a period and renewed for a fee, giving the protocol recurring revenue — unusual in a sector where most tokens have none.
What is the ENS token for?
Governance of the protocol, including pricing, treasury use and technical parameters.
Market cap decides how big a bubble is drawn, so rank is what places ENS on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #61 | Worldcoin (WLD) | $1.09B |
| #113 | Pump.fun (PUMP) | $823.56M |
| #161 | Ethereum Name Service (ENS) | $225.65M |
| #163 | Trust Wallet (TWT) | $221.17M |
| #261 | Basic Attention (BAT) | $102.12M |