What is an ENS domain and how does it work?

An ENS domain is a .eth name (like 'yourname.eth') that maps to your Ethereum address. When someone sends crypto to 'yourname.eth', ENS resolves it to your actual wallet address automatically.

Can I swap ENS without KYC?

Yes. SyntheticSwap supports ENS token swaps with no registration or identity verification.

How do I get a .eth domain?

Visit app.ens.domains, connect your Ethereum wallet, search for a name, and register it by paying an annual fee in ETH plus a one-time registration fee.

Is an ENS domain an NFT?

Yes. ENS domains are ERC-721 NFTs on Ethereum. They can be bought, sold, and transferred like any other NFT.

What is the ENS governance token used for?

ENS token holders vote on ENS DAO proposals including protocol upgrades, pricing changes, and treasury allocation. The DAO controls key ENS contracts.

Home/Supported Coins/Ethereum Name Service

Ethereum Name Service

Decentralized Naming Protocol for Wallets and Websites

Launch Year

2021

Consensus

Proof of Stake

Max Supply

100,000,000 ENS

Block Time

~12 seconds

ENS

Ethereum Name Service

Price—

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Ethereum Name Service Price Chart

ENS / USD

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About Ethereum Name Service

Ethereum Name Service (ENS) is a decentralized protocol that maps human-readable names (like 'alice.eth') to Ethereum addresses, IPFS hashes, and other identifiers. ENS eliminates the need to copy-paste long hexadecimal wallet addresses when sending crypto. The ENS token governs the protocol DAO, which controls the ENS root, pricing parameters, and protocol upgrades. ENS domains are NFTs on Ethereum, tradeable on OpenSea and other NFT marketplaces. With over 3 million registered .eth names, ENS is the standard naming layer for Ethereum and is integrated into MetaMask, Coinbase Wallet, Rainbow, and most major wallets.

History

2017

ENS launches as an Ethereum Foundation project, enabling .eth domain registration on Ethereum.

2019

ENS migrates to permanent registrar using Vickrey auction replaced by annual fee model.

2021

ENS DAO launches; ENS token airdropped to all .eth domain holders. ENS raises $100M through token launch.

2022

ENS surpasses 1 million registered names; .eth domains become sought-after digital identity assets.

2023

ENS introduces ENSIP-10 wildcard resolution and off-chain name resolution via CCIP-Read.

2024

ENS V2 development progresses with ENSv2 on L2, reducing registration costs through Layer-2 integration.

How to Swap ENS

To swap Ethereum Name Service (ENS) on SyntheticSwap, no account creation or KYC is required. ENS runs on the Ethereum blockchain as an ERC-20 token, compatible with MetaMask, Ledger, Rainbow, and any Web3 wallet. Navigate to SyntheticSwap, choose ENS as either source or target, enter your wallet address for the destination asset, and send ENS from your personal wallet to the deposit address shown. Swaps typically settle within a few Ethereum block confirmations, and your destination asset lands directly in your specified wallet.

How to Store ENS

ENS (ERC-20) is stored in MetaMask, Ledger, Trust Wallet, or any Ethereum wallet. Note: the ENS token (governance) is different from ENS domain NFTs (.eth names). Both are stored in Ethereum wallets, but ENS domains are ERC-721 NFTs while ENS tokens are ERC-20.