Ethereum Name Service Hits 24 Hour Trading Volume of $161.27 Million (ENS)

Ethereum Name Service (ENS) traded 3.3% lower against the U.S. dollar during the twenty-four hour period ending at 12:00 PM Eastern on July 2nd. Ethereum Name Service has a total market capitalization of $978.28 million and $161.27 million worth of Ethereum Name Service was traded on exchanges in the last day. Over the last week, Ethereum Name Service has traded 31.5% higher against the U.S. dollar. One Ethereum Name Service token can currently be purchased for about $30.92 or 0.00050047 BTC on cryptocurrency exchanges.

Ethereum Name Service Profile

Ethereum Name Service (ENS) is a Proof-of-Work token that uses the Ethash hashing algorithm. Its launch date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 31,637,117 tokens. Ethereum Name Service’s official message board 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, “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 buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to trade Ethereum Name Service should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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