Ethereum Name Service (ENS) Reaches 24-Hour Volume of $70.68 Million

Ethereum Name Service (ENS) traded down 6.8% against the US dollar during the twenty-four hour period ending at 14:00 PM E.T. on October 31st. During the last week, Ethereum Name Service has traded down 3.4% against the US dollar. One Ethereum Name Service token can now be bought for about $16.82 or 0.00023778 BTC on cryptocurrency exchanges. Ethereum Name Service has a total market capitalization of $557.73 million and $70.68 million worth of Ethereum Name Service was traded on exchanges in the last day.

Ethereum Name Service Token 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 33,166,683 tokens. The official website for Ethereum Name Service 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.”

Ethereum Name Service Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to trade Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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