Ethereum Name Service (ENS)

OGAudit Web3 Research: @ensdomains $ENS - Scrapping Its Own Layer 2 to Bet Everything on Ethereum Mainnet? ENS lets users register human readable .eth names (like “bob.eth”) that map to wallet addresses, content hashes and other metadata governed by a DAO and secured by Ethereum smart contracts rather than centralized registrars: - ENSv2 is a ground up rewrite introducing a hierarchical registry system for more granular user control and improved multichain name resolution via CCIP-Read, letting a single .eth name resolve correctly across multiple chains rather than being tied to one. Abandoning Namechain simplifies the developer and security story. - .eth registrations are reportedly growing around 8% month-over-month and a Gemini integration was cited as a signal of expanding Web3 identity utility though ENS still competes with alternative naming systems and faces the structural challenge that most crypto users still don’t register a name at all. - On August 11, 2025, a team multisig wallet transferred 141,937 ENS ($4.02M at the time) to FalconX and Coinbase, a move that isn’t definitively tied to selling but this kind of large treasury to exchange transfer typically precedes increased liquidity availability and is worth watching for follow through selling pressure. Is scrapping a purpose built L2 in favor of a simpler, more secure mainnet only deployment, backed by real gas fee improvements and steady registration growth a sign of ENS Labs making disciplined engineering decisions or does a security vulnerability disclosure and a large team wallet transfer to exchanges the same year suggest investors should watch execution risk and insider activity closely through the ENSv2 rollout? Category: Infrastructure / Identity Coin Name: $ENS Circulating Supply: 40.89M Market Cap: $172.09M Market Cap Rank: #137 OG (Trust) Score: 44.34 OG Score Rank: #61/954 Reviewed by 9 OG Auditors. See the Social Audit with Reviews by crypto OG’s and more on the $ENS Coin page: ogaudit(.)com/crypto/ethereum-name-service-ens https://t.co/TpnGa38jdc

Kain Warwick's read on the ENS fight: the scary outcome for DAOs isn't failure, it's that founder control works: "The worst outcome here is power does get centralized, Nick has more control, and ENS does better. Because that's actually the nail in the coffin for DAOs." https://t.co/uSxyFEK7TA

Taylor Monahan on the professional-delegate class fighting Nick Johnson's push for more control at ENS: "I wish I could put these professional delegates who've never built anything into the role of a CEO for a minute... it's very hard to do what they're doing." https://t.co/y7VQwidyEO

$ENS E: 4.156 SL: 3.781 TP: 6.05 RR: 5 https://t.co/MzAsaeiHWA

😳 ENS veterans defend a dismissed former colleague Rotki founder Lefteris Karapetsas publicly defended early ENS core member Brantly Millegan, stating that it was his push during 2021‑2022 that brought ENS into public awareness. Lefteris mentioned that Brantly had previously been fired but continued working for the ENS ecosystem until recently when he formally announced his departure. Brantly himself said in a statement that, due to recent events, he decided to leave ENS and will gradually shut down related projects such as https://t.co/531XADSjmY. Lefteris also pointed out that ENS protocol revenue has dropped 27% compared to three months ago, with annualized revenue falling to about $5.2 million, and believes this is linked to the team's personnel changes.

Wu reported, according to The Defiant, that ENS co‑founder Alex Van de Sande has proposed delegating the 5 million ENS in the idle community treasury of the ENS DAO to individual participants in order to reform DAO governance. Currently, a single representative’s voting power is sufficient to meet the quorum, pass any proposal, and outweigh the combined voting power of the subsequent 50 representatives. The proposal comes as ENS DAO governance disputes continue to brew. Earlier, ENS Labs had suggested moving the DAO’s operating wallet, ENS holdings, and Endowment to a five‑person board, raising concerns about “treasury capture.” Van de Sande stated that the delegated tokens remain owned by the DAO and participants cannot sell them. The proposal is seen as a direct response to the problem of overly concentrated voting power in ENS. https://t.co/yEcjGmwlE5

ENS DAO, pushing governance revamp with 5 million ENS delegation https://t.co/hkwGbrZJJ1 https://t.co/q8T9uqwYK0

BREAKING: ENS CO-FOUNDER ALEX VAN DE SANDE FILES PROPOSAL TO HELP FIX @ensdomains GOVERNANCE CRISIS @avsa proposes delegating 5M $ENS tokens from the DAO's dormant treasury to individual participants. The move aims to reform ENS governance structure. Read more here: https://t.co/ACHyeVhNeL