Ethereum Name Service Hits 24-Hour Volume of $27.85 Million (ENS)

Ethereum Name Service (ENS) traded 0.7% lower against the U.S. dollar during the one day period ending at 16:00 PM Eastern on February 3rd. One Ethereum Name Service token can now be bought for $17.50 or 0.00040671 BTC on popular cryptocurrency exchanges. During the last week, Ethereum Name Service has traded down 11.3% against the U.S. dollar. Ethereum Name Service has a total market capitalization of $537.87 million and $27.85 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 was first traded on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 30,743,851 tokens. 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. Ethereum Name Service’s official website is ens.domains.

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.”

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

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