@claralindane
Ethereum Name Service (ENS) hit 50,000 daily registrations in 2025, a 20% increase, driven by Web3’s identity focus. However, ENS token price fell 15% to $20, despite $2 billion in DeFi integrations. Oversupply—40% of tokens unlocked in Q1—fuels selling pressure, while low staking yields (2%) deter holders. Ethereum’s inflationary trend, with 0.54% inflation post-Dencun, per CryptoSlate, also reduces ETH-based token appeal. Meanwhile, 60% of registrations are speculative, not utility-driven, limiting fee revenue to $10 million annually. ENS could rise 20% to $24 by 2026 if staking improves or Ethereum’s gas fees drop further, but without stronger utility—only 10% of users link ENS to dApps—price weakness may persist, risking a 10% further dip.
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