Ethereum Name Service (ENS)

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

These are the closest matches to ENS measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

• [Token Terminal] ENS protocol generated over $2M in monthly registration revenue in early 2025link dead, claim unverified
• [ENS Docs] ENS V2 targets L2 deployment to reduce gas costs and expand usage
• [ENS App] ENS has 3M+ registered names and is the dominant on-chain identity layer on Ethereum

One source link above no longer resolves, so we stripped the hyperlink rather than leave something that looks like evidence until you click it. The claims stay visible because they are part of the research record, but treat them as unverified. Every link was rechecked 6 Aug 2026.

What is the Early Thunder score for Ethereum Name Service (ENS)?

ENS scores 137 out of 250 on the 25-variable framework, ranking 37th of 251 rated tokens (top quartile). The framework verdict is CAUTIOUS HOLD.

What are ENS's strongest fundamentals?

ENS ranks highest on Market Share 8/10, 4th of 251, Developer Activity 7/10, 9th of 251, Holder Concentration 5/10, 10th of 251 and Treasury Runway 7/10, 11th of 251. Ranks are measured against all 251 tokens in the same scoring pass.

What are the weakest parts of the ENS thesis?

ENS scores in the bottom third of the universe on Circulating / FDV Ratio 3/10, 225th of 251 and Supply Inflation 3/10, 199th of 251. The single risk carried on the scorecard is: Revenue concentrated in speculative domain registrations which can dry up in bear markets

How much ENS supply is still to enter circulation?

41% of eventual ENS supply is circulating today, leaving 2.44x the current float still to arrive. At a flat price per token that is 59% of fully diluted value ahead of current holders.

How far is ENS from its all-time high?

ENS trades 94.9% below its all-time high of $83.40. Returning to that high requires a 19.6x move from the level used in this scoring pass.

Which tokens have a similar profile to ENS?

Measured on the shape of all 25 scored variables rather than on price, the closest matches to ENS are W (92), OP (123), SAFE (132) and GNO (128). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.

What is the next catalyst for ENS?

ENS V2 L2 expansion driving registration volume surge