Ethereum Name Service Achieves Market Capitalization of $1.62 Billion (ENS)

Ethereum Name Service (ENS) traded 5.6% higher against the dollar during the 24 hour period ending at 9:00 AM ET on December 16th. One Ethereum Name Service token can currently be purchased for $46.11 or 0.00043591 BTC on exchanges. During the last seven days, Ethereum Name Service has traded up 17% against the dollar. Ethereum Name Service has a total market cap of $1.62 billion and $1.18 billion worth of Ethereum Name Service was traded on exchanges in the last day.

About Ethereum Name Service

Ethereum Name Service (CRYPTO: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 35,146,905 tokens. Ethereum Name Service’s official website is ens.domains. The official message board for Ethereum Name Service is ens.mirror.xyz. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here.

According to CryptoCompare, “The Ethereum Name Service (ENS) is a decentralised naming system built on the Ethereum blockchain, designed to map human-readable names to machine-readable identifiers. It simplifies the user experience by replacing complex Ethereum addresses with easy-to-remember names, supporting address mapping, content hashes, metadata storage, and cross-platform usability. ENS was created by Nick Johnson and Alex Van de Sande under the Ethereum Foundation and launched in May 2017.”

Buying and Selling Ethereum Name Service

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

ENS/USD price chart by TradingView