Ethereum Name Service Market Cap Achieves $587.04 Million (ENS)

Ethereum Name Service (ENS) traded up 0.8% against the U.S. dollar during the 1-day period ending at 21:00 PM ET on October 16th. Over the last week, Ethereum Name Service has traded up 10.1% against the U.S. dollar. One Ethereum Name Service token can now be bought for $17.70 or 0.00026154 BTC on popular cryptocurrency exchanges. Ethereum Name Service has a total market cap of $587.04 million and $49.11 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

About Ethereum Name Service

Ethereum Name Service (CRYPTO: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 33,164,355 tokens. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. The official message board for Ethereum Name Service is ens.mirror.xyz. The official website for Ethereum Name Service is ens.domains.

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 currently possible to purchase alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView