1
ENS has observed a decline in Daily new active addresses and the revenue generated by them.
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Technical indicators of ENS are favoring a consolidated trend. It has observed a weak decline in the ETH pair.
Ethereum Name Service is an extensible naming system that is based on the Ethereum blockchain. ENS converts a long blockchain Ethereum address into a human-readable address. The goal of ENS is to make Ethereum web services easier for their users. Meanwhile, users can also associate ENS domains to decentralized websites and various other things. The airdrop of Ethereum Name Services came in 2021 …
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