In a recent tweet from Token Terminal, the analytics platform highlighted a fascinating milestone for the Ethereum Name Service (ENS). According to their data, ENS has created around 50 millionaires through its governance token. To put that into perspective, there are about 66,200 total ENS holders out there. That's a tiny fraction—less than 0.1%—who've hit the seven-figure mark in their ENS holdings.

Understanding Ethereum Name Service (ENS)

If you're new to this, Ethereum Name Service is basically the decentralized version of domain names for the Ethereum blockchain. Instead of memorizing long, cryptic wallet addresses like 0x123...abc, you can use human-readable names like yourname.eth. It's super handy for sending transactions, building dApps, and even as a form of digital identity.

The ENS token itself is a governance token, meaning holders can vote on proposals that shape the project's future. It's not just a utility play; it's also become a way for early participants to build serious wealth, as Token Terminal's chart shows.

Breaking Down the Millionaire Stats

The chart in the tweet tracks unique addresses holding ENS tokens valued at over $1 million, from 2022 right up to now in 2025. You can see a sharp peak early on—hitting around 250 addresses—followed by a steady decline. Today, it's hovering around 50.

Why the drop? Crypto markets are volatile, and ENS token prices have ridden the waves of broader Ethereum trends. Back in the 2021-2022 bull run, ENS surged as adoption grew, minting those early millionaires. But bear markets and corrections have whittled down the numbers. Still, 50 millionaires out of 66,200 holders is impressive—it shows how concentrated wealth can be in crypto projects.

For context, ENS isn't a meme token per se, but it shares some vibes with them: community-driven, with potential for massive upside if you get in early. At Meme Insider, we often cover how tokens like these create overnight success stories, much like viral memes in the space.

What This Means for Blockchain Practitioners

If you're in the blockchain world, stats like these are a reminder of the power of governance tokens. Holding ENS isn't just about voting rights; it's about participating in a growing ecosystem. With Ethereum's upgrades like Dencun and potential layer-2 integrations, ENS could see renewed interest.

Want to check your own holdings or dive deeper? Head over to platforms like Etherscan for ENS token data or ENS.domains to register your own name.

This tweet from Token Terminal underscores why projects like ENS are worth watching—they're not just tech; they're wealth creators in the decentralized economy. Stay tuned to Meme Insider for more insights on tokens that are shaking up the blockchain scene.