ethereum-name-service logo
Ethereum Name Service
ENS
$21.70

Sector

DAO

Exchange Debut

2021-11-08

Market Cap

684,081,064

Maxim Supply

100,000,000

Circulating Supply

31,523,047

Circ. Supply(%)

31.52%
ethereum-name-service logo

Ethereum Name Service

ENS

Price

$21.70

Market Cap

Sector

Exchange Debut

684,081,064
2021-11-08

Volume 24h

High 24h

Low 24h

114301031
22.111286607738
19.590246176578

Change 24h

Change 7d

Change 30d

9.7904
-1.3836
50.4515

Maxim supply

Circulating supply

Circulating supply(%)

100,000,000
31,523,047
31.52%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Ethereum Name Service cryptocurrency:

 

The Ethereum Name Service (ENS) stands as a notable project in the cryptocurrency domain, scoring 6.6 out of 10 in a fundamental analysis. This decentralized naming system, built on the Ethereum blockchain, effectively bridges human-readable Ethereum addresses with their machine-readable counterparts. Despite its innovative approach, the overall assessment reveals a mix of strengths and areas needing improvement, which is pivotal for understanding the fundamental analysis of the Ethereum Name Service cryptocurrency.

SOCIAL & MASS MEDIA: Score 7.5 out of 10

In the realm of social and mass media, ENS scores a respectable 7.5. The project excels in attracting followers and maintaining a strong media presence, evident from perfect scores in these areas. However, it falls short in community activity on social media pages, signaling a potential gap in engaging its audience actively. This dichotomy suggests that while ENS has a solid base and visibility, increasing interactive community engagement could further strengthen its position.

AUDIT & SECURITY: Score 4.7 out of 10

Audit and security, critical for any crypto project, is a mixed bag for ENS, reflected in its 4.7 score. The project’s transparency and liquidity on exchanges are commendable, yet the audit results indicate room for improvement. Ensuring robust security protocols and addressing audit concerns could significantly bolster investor and user confidence.

TOKENOMICS: Score 4.85 out of 10

ENS’s token economy garners a 4.85 score. The assessment reflects concerns regarding the project’s inflationary aspects and the centralization of its monetary mass. Addressing these issues could lead to a more stable and equitable economic model, enhancing the token’s appeal and functionality within the ecosystem.

ECOSYSTEM DEVELOPMENT: Score 7.36 out of 10

The ecosystem development of ENS scores a solid 7.36. The project shows a commendable commitment to achieving objectives and introducing new developments. Continued focus on these areas is likely to contribute positively to the project’s long-term viability and innovation.

TEAM & DEVELOPERS: Score 6.2 out of 10

The score of 6.2 for the team and developers reflects a balanced perspective. The team’s experience is a strong point, yet the number of software developers indicates a potential need for expansion to foster growth and address complex challenges in the evolving crypto landscape.

PRODUCT & UTILITY: Score 7.96 out of 10

ENS’s product and utility score a high 7.96, underscoring the practical value and application of the service. The utility of the product and its tokens within the ecosystem is notably high, suggesting that ENS provides tangible benefits and functionalities to its users.

PARTNERS & INVESTORS: Score 5.9 out of 10

The partners and investors criterion scores 5.9 for ENS. While the quality of partnerships is strong, the number and capacity of investors could be improved. Expanding and diversifying its investor base could provide ENS with more robust support and resources for future endeavors.

Fundamental analysis of the Ethereum Name Service cryptocurrency – The final conclusion

In conclusion, the fundamental analysis of the Ethereum Name Service cryptocurrency reveals a project with significant potential, marked by innovative solutions in the blockchain domain. However, this potential is tempered by certain challenges in community engagement, security audits, tokenomics, and investor diversity. The overall score of 6.6 indicates a project with solid foundations and areas for growth. Investors considering ENS should weigh its innovative approach and strong product utility against the noted areas of improvement. The project’s commitment to development and its experienced team are encouraging signs for future progress. However, potential investors should closely monitor developments in community engagement, security measures, and economic stability to make informed decisions.

What is Ethereum Name Service?

 

Ethereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain, transforming human-readable Ethereum addresses into machine-readable codes. Comparable to the Internet’s Domain Name Service, ENS makes the Ethereum-based web more user-friendly. Introduced in 2018, ENS operates as an open-source project, not a company, emphasizing its role as a public utility in the Web3 infrastructure.

Foundational Elements and Security

ENS’s foundation lies in its unique value proposition as the first service to bring Domain Name Service to the decentralized Web3. It features two main smart contracts: the ENS registry, which records domain information, and the resolver, translating addresses to domain names and vice versa. Running on Ethereum’s network, ENS benefits from robust security provided by a proof-of-work consensus mechanism and over 10,000 nodes, ensuring resistance against hacking.

Leadership and Governance

Initially part of the Ethereum Foundation, ENS became independent in 2018. Nick Johnson, a former Google and Ethereum Foundation engineer, leads the project. Governance involves a multi-signature root with notable members from various organizations, ensuring balanced oversight. While ENS has no investors, it receives support from entities like the Ethereum Foundation and Binance_X.

Adoption and Partnerships

ENS’s launch was marked by a successful airdrop in November 2021, rewarding early adopters. However, it faced controversy in 2022 over tweets by its operations director. ENS has partnered with several wallets, including Coinbase Wallet and Trust Wallet, facilitating wider adoption.

Fundamental analysis of the Ethereum Name Service cryptocurrency

Ethereum Name Service - ENS performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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