Ethereum Name Service (ENS) Achieves Market Capitalization of $595.39 Million

Ethereum Name Service (ENS) traded 1.2% higher against the US dollar during the 1 day period ending at 10:00 AM Eastern on March 14th. Over the last seven days, Ethereum Name Service has traded down 19.6% against the US dollar. Ethereum Name Service has a market cap of $595.39 million and $44.07 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. One Ethereum Name Service token can currently be bought for approximately $16.72 or 0.00020202 BTC on exchanges.

Ethereum Name Service 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 35,599,751 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, “ENS is a decentralised naming service for web3.The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having full control over subdomains.”

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 trade Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView