Ethereum Name Service (ENS) Achieves Market Capitalization of $439.40 Million

Ethereum Name Service (ENS) traded 4.5% lower against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on May 8th. One Ethereum Name Service token can currently be bought for about $14.07 or 0.00022688 BTC on exchanges. During the last seven days, Ethereum Name Service has traded 1% lower against the US dollar. Ethereum Name Service has a market capitalization of $439.40 million and $18.65 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

Ethereum Name Service Token Profile

Ethereum Name Service is a Proof-of-Work token that uses the Ethash hashing algorithm. Its launch date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,234,294 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. Ethereum Name Service’s official message board is ens.mirror.xyz. Ethereum Name Service’s official website is ens.domains.

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView