Ethereum Name Service (ENS) Market Capitalization Reaches $587.06 Million

Ethereum Name Service (ENS) traded up 0.4% against the US dollar during the one day period ending at 17:00 PM Eastern on October 19th. Ethereum Name Service has a market capitalization of $587.06 million and approximately $35.90 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours. One Ethereum Name Service token can now be bought for about $17.70 or 0.00025926 BTC on cryptocurrency exchanges. During the last seven days, Ethereum Name Service has traded up 2.5% against the US dollar.

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 33,164,801 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, “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 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView