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

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

Ethereum Name Service Token Profile

Ethereum Name Service (ENS) is a Proof-of-Work token that uses the Ethash hashing algorithm. Its genesis date was 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. The official website for Ethereum Name Service 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 presently 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView