Ethereum Name Service (ENS): Simplifying Crypto Wallets
The Ethereum Name Service (ENS) is reshaping how we interact with blockchain addresses by replacing complex strings of letters and numbers with simple, human-readable names like "yourname.eth." Built on Ethereum, ENS acts as the Web3 version of a domain name system (DNS) for blockchain wallets, websites, and more.
As crypto adoption grows, ENS could play a crucial role in onboarding users by making wallets easier to use and remember. No longer do users need to memorize or double-check long strings — one ENS domain can act as their universal identity across decentralized apps (dApps), NFTs, and DeFi platforms.
Price Analysis:
At the time of writing, ENS trades around $20.17, having seen a 7.97% increase in the past week. After bottoming out near the $17.80 mark earlier this month, ENS is showing a slight bullish reversal, supported by growing interest in decentralized identity projects. If ENS manages to hold above $17, the next key resistance lies around $19.20.
Given its utility and expanding integrations with major dApps, ENS remains a strong project to watch in the decentralized identity sector.