Ethereum Name Service Reaches Market Capitalization of $642.09 Million (ENS)

Ethereum Name Service (ENS) traded 5.2% higher against the US dollar during the twenty-four hour period ending at 23:00 PM Eastern on September 24th. Ethereum Name Service has a market capitalization of $642.09 million and $63.94 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 $19.41 or 0.00030192 BTC on exchanges. During the last seven days, Ethereum Name Service has traded 14.6% higher against the US dollar.

Ethereum Name Service Token Profile

Ethereum Name Service 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 33,085,753 tokens. 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. Ethereum Name Service’s official message board is ens.mirror.xyz.

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 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 Gemini, GDAX or Changelly. 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