Ethereum Name Service (ENS) Achieves Market Capitalization of $455.86 Million

Ethereum Name Service (ENS) traded 1.1% higher against the US dollar during the 1 day period ending at 10:00 AM Eastern on April 26th. During the last week, Ethereum Name Service has traded 4.9% higher against the US dollar. One Ethereum Name Service token can currently be purchased for about $14.62 or 0.00022677 BTC on major cryptocurrency exchanges. Ethereum Name Service has a market capitalization of $455.86 million and approximately $24.53 million worth of Ethereum Name Service was traded on exchanges in the last day.

Ethereum Name Service Profile

Ethereum Name Service is a Proof-of-Work token that uses the Ethash hashing algorithm. It launched on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,179,978 tokens. The official message board for Ethereum Name Service is ens.mirror.xyz. Ethereum Name Service’s official website is ens.domains. 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 possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using U.S. dollars. Investors seeking to acquire Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView