Ethereum Name Service (ENS) Hits Market Cap of $513.25 Million

Ethereum Name Service (ENS) traded 0.1% higher against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on April 28th. During the last seven days, Ethereum Name Service has traded up 9.6% against the U.S. dollar. Ethereum Name Service has a market capitalization of $513.25 million and $62.13 million worth of Ethereum Name Service was traded on exchanges in the last day. One Ethereum Name Service token can currently be bought for $16.46 or 0.00026039 BTC on popular cryptocurrency exchanges.

About Ethereum Name Service

Ethereum Name Service (ENS) 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 31,180,478 tokens. The official message board for Ethereum Name Service is ens.mirror.xyz. The official website for Ethereum Name Service 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.”

Ethereum Name Service Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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