RootData: Ethereum Name Service token (ENS) rises over 49% in 24 hours

ChainCatcher news, according to RootData data, the price of Ethereum Name Service token (ENS) is currently $21.61, with a 24-hour increase of over 49%.

Previous news, Ethereum co-founder Vitalik Buterin stated on social media: "ENS is our most successful non-financial application, I don't know why more people don't care about it!"

Additionally, the Web3 asset data platform RootData shows that Ethereum Name Service (ENS) is a distributed, open, and scalable domain name system based on Ethereum. ENS maps human-readable names (like "alice.eth") to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports "reverse resolution," allowing metadata (such as canonical names or interface descriptions) to be associated with Ethereum addresses. ENS has similar goals to the internet's Domain Name Service (DNS), but its architecture differs significantly due to the capabilities and limitations provided by Ethereum.