Ethereum Name Service Tops 24 Hour Trading Volume of $74.17 Million (ENS)

Ethereum Name Service (ENS) traded up 3.7% against the U.S. dollar during the 24-hour period ending at 0:00 AM Eastern on October 14th. One Ethereum Name Service token can now be bought for about $18.09 or 0.00027569 BTC on cryptocurrency exchanges. In the last week, Ethereum Name Service has traded 7.3% higher against the U.S. dollar. Ethereum Name Service has a market cap of $599.81 million and approximately $74.17 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

About Ethereum Name Service

Ethereum Name Service (ENS) is a Proof-of-Work token that uses the Ethash hashing algorithm. It launched on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 33,158,495 tokens. Ethereum Name Service’s official message board 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, “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 presently 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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView