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Profile· Established@ensdomainsOn Ethos
ens.eth

ens.eth

405 reviews, 97% of them positive.97% positive · 405 reviews· Influence factor 121, above 24% of accounts

The record

From 283 activities · Apr 2026

ENS (Ethereum Name Service) is a foundational decentralized naming system that transforms long wallet addresses into simple, human-readable .eth names, making crypto transactions safer, easier, and more accessible. Users consistently praise it for eliminating copy-paste errors, enabling seamless integration across wallets and dApps, and providing true ownership of digital identity independent of centralized platforms. While widely recognized as essential Web3 infrastructure with strong community support and a notable airdrop history, some concerns have been raised about pricing decisions and domain renewal fees.

“awful decision-making, namechain fiasco, greed”Ongoing ENS discussion: https://discuss.ens.domains/t/temp-check-ens-v2-pricing-5-character-name-price-adjustment-multi-year-discounts/22038 ENS is doing a price raise "temp check", but it's basically just a statement that they will implement a +140% price raise on 5L domains 💀 This is pretty hilarious. They started developing the Namechain (which was later abandoned) because the $5 median price for gas "wasn't affordable" a year ago - and that warranted building a whole new chain to make it more affordable. But then the gas prices on mainnet dropped and they decided that the "(((ETHEREUM))) Name Service" shall remain on Ethereum. The issue is that they apparently burned so much money on the Namechain fiasco that they're now doing a +$7 raise on 5L extensions. That's a 140% increase from the current $5 extension cost for 5L names. But you know, affordability was an issue of the past - now it's okay because the +$7 is going into their pockets instead of being spent on gas. They're also planning incentives for long term extensions, aka 50% discount on 10 year extensions. The reason for that is getting users to pay more money upfront, instead of having it trickle down over time. (More than half - 52.5% - of wallet addresses with 5-9 names register for less than a year.) The whole “temp check proposal", which is basically an announcement, screams of greed. Not only the price raise itself, but also the discount mechanism incentivizing multi-year payments upfront. $5 in gas costs led to them trying to build a whole L2 so that ENS could be more affordable. But the $7 extra (+140%) in extension costs going into ENS pockets is suddenly okay 😹 I guess Namechain ate up a large chunk of funds, so now they have to get greedy with a 140% price bump on 5L names. lol, lmao even The worst part is that they continue to price out people from developing countries. The handful of people in developing countries who actually use ENS will drop it after a 140% hike. Domain whales and squatters will also slim down the names they keep extending. Aka ENS will get less money. Maybe the math works out, losing X% users and X% of domain extensions is compensated by the 140% price hike 😹 But it’s extremely shortsighted, and let’s be honest, motivated by greed. And hilariously enough, it was most likely caused because they tried to build an L2 - because +$5 in gas wasn't affordable. But you know, +$7 is fine as long as it goes into their pockets 😹 Gotta offset the namechain money burn somehow.Username McUserface ( ͠° ͟ʖ ͡°) · 1459· 6mo ago · negative19
“Awesome”0x8eDe...CC8b · 1196· 1y ago9
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