Ethereum Name Service (ENS) Market Cap Hits $451.86 Million

Ethereum Name Service (ENS) traded 1.4% higher against the dollar during the twenty-four hour period ending at 11:00 AM ET on May 10th. One Ethereum Name Service token can currently be purchased for $14.47 or 0.00023123 BTC on popular cryptocurrency exchanges. Ethereum Name Service has a market capitalization of $451.86 million and $16.07 million worth of Ethereum Name Service was traded on exchanges in the last day. Over the last week, Ethereum Name Service has traded down 4.7% against the dollar.

Ethereum Name Service Profile

Ethereum Name Service is a Proof-of-Work token that uses the Ethash hashing algorithm. It was first traded on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,234,891 tokens. Ethereum Name Service’s official website is ens.domains. The official message board for Ethereum Name Service is ens.mirror.xyz. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here.

According to CryptoCompare, “Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain created by the Ethereum Foundation and developed with the help of a community of developers. It is used to create human-readable names for Ethereum addresses to identify counter-parties and transfer funds quickly, securely and without the need for long addresses.”

Buying and Selling Ethereum Name Service

It is usually not currently possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to trade Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView