ENS Domains Explained: What Ethereum .eth Actually Is, and Why People Pay Thousands for a ETH Name

August 2, 2026

If you’ve ever sent crypto to the wrong wallet because you fat-fingered a character in a 42-character address (I have, too many times), you already understand why ENS domains exist. The Ethereum Name Service replaces that string with a name you can actually read, type, and remem…