Ethereum Name Service Achieves Market Cap of $229.26 Million (ENS)

Ethereum Name Service (ENS) traded down 7% against the US dollar during the twenty-four hour period ending at 8:00 AM E.T. on May 28th. Ethereum Name Service has a total market capitalization of $229.26 million and $20.74 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 about $5.67 or 0.00007751 BTC on major exchanges. During the last week, Ethereum Name Service has traded 8.7% lower against the US dollar.

About Ethereum Name Service

Ethereum Name Service 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 40,408,647 tokens. The official message board for Ethereum Name Service is ens.mirror.xyz. Ethereum Name Service’s official website is ens.domains. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here.

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. Discord, Medium, GitHub, Medium, Docs”

Ethereum Name Service Token Trading

It is usually not presently 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView