Ethereum Name Service Market Capitalization Reaches $461.81 Million (ENS)

Ethereum Name Service (ENS) traded 6.5% lower against the dollar during the 24 hour period ending at 21:00 PM E.T. on May 6th. One Ethereum Name Service token can now be purchased for $14.80 or 0.00023308 BTC on cryptocurrency exchanges. Ethereum Name Service has a market capitalization of $461.81 million and $29.60 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. Over the last seven days, Ethereum Name Service has traded 10.4% lower against the dollar.

Ethereum Name Service Profile

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 31,193,195 tokens. Ethereum Name Service’s official message board is ens.mirror.xyz. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. 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.”

Ethereum Name Service Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using U.S. dollars. Investors seeking to acquire Ethereum Name Service should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView