Ethereum Name Service 24-Hour Trading Volume Tops $53.92 Million (ENS)

Ethereum Name Service (ENS) traded 2% higher against the U.S. dollar during the 1-day period ending at 20:00 PM ET on March 28th. One Ethereum Name Service token can currently be purchased for approximately $22.35 or 0.00031618 BTC on major cryptocurrency exchanges. Over the last week, Ethereum Name Service has traded 2.8% higher against the U.S. dollar. Ethereum Name Service has a total market capitalization of $690.43 million and approximately $53.92 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

About 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 30,888,724 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, “Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain created by the Ethereum Foundation and developed with the help of a community of developers. It is used to create human-readable names for Ethereum addresses to identify counter-parties and transfer funds quickly, securely and without the need for long addresses.”

Ethereum Name Service Token Trading

It is usually not 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 GDAX, 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