Ethereum Name Service
|All Time High:|
|Market Cap: |
|The price of #ENS today is $15.93 USD.|
The lowest ENS price for this period was $0, the highest was $15.93, and the exact current price of one ENS crypto coin is $15.92859.
The all-time high ENS coin price was $83.94.
Use our custom price calculator to see the hypothetical price of ENS with market cap of ETH or other crypto coins.
|The code for Ethereum Name Service is #ENS. |
Ethereum Name Service is 1.2 years old.
|The current market capitalization for Ethereum Name Service is $617,439,218.|
Ethereum Name Service is ranked #78, by market cap (and other factors).
|The trading volume is large during the past 24 hours for #ENS.|
Today's 24-hour trading volume across all exchanges for Ethereum Name Service is $55,018,383.
|The circulating supply of ENS is 38,762,960 coins, which is 39% of the maximum coin supply.|
Upgrade ethers.js to 5.6.2 to activate ENS L2/Offchain integration
Highlights ethers.js: March 2022 As RicMoo recently announced, the latest ethers.js comes with two important features that enable ENS L2/Offchain integration. ENSIP-10: Wildcard Resolution, EIP3668: CCIP Read: Secure offchain data retrieval, You should not need to change any of your code as long as your app is interacting with ENS through etherjs ENS methods . Here is the minimum code to test the integration. offchainexample.eth points to so-called “offchain resolver” that fetches data from JSON configuration file hosted on google app engine and respond to any record for offchainexample.eth and its subdomain record (such as 2.offchainexample.eth The example is not using L2 data but the same mechanism works when the L2 resolver becomes ready). Running the script should show the output like this. The name points to the same resolver on both mainnet and all other testnets (Ropsten, Rinkeby, and Goerli). For more information, please refer to the following docs and please let us know the integration result so that we can update our record blog.ricmoo.com, docs.ens.domains, github.com, We have already contacted many Dapps to encourage upgrading the ethers.js If you have any issues on integration, please let us know on #technology channel on our Discord server. Upgrade ethers.js to 5.6.2 to activate ENS L2/Offchain integration was originally published in The Ethereum Name Service on Medium, where people are continuing the...
Improved ENS Support for EVM-Compatible Chains
Since I last wrote “ How to Support ENS for Multi-Chain Dapps “, multiple apps integrated with ENS following our suggestion including defi giant like Aave. It’s great to see my primary ENS name regardless of which EVM compatible chain I connect to. The increasing number of other blockchains now supports EVM and its hexadecimal with checksum. — Handling Contract wallet addresses - However, our recommendation leaves out one important edge case, Contract wallet addresses. Contract wallets such as Argent and Gnosis Safe do not usually use the same contract address across different chains. If you send funds from a side chain to mainnet smart contract addresses, but the recipient cannot access the address on the side chain because the smart contract wallet was not deployed with the same address, then you end up losing funds. One way to prevent this which we suggested before is for each user to set an address for each side chain in their ENS records. Then dapps can lookup the address with a specific coin address. If you don’t specify any cointype to, addr() function, it defaults to coin type 60, which is ETH) such as ETC(61) and xDAI(700). — From Coin Type to ChainId - Currently, over 17 EVM address compatible chains are supported though it is relatively underutilized.Symbol Cointype # of Records OPT 614 1 GO 6060 3 POA 178 1 NRG 9797 0 FTM 1007 8 THETA 500 11 XDAI 700 44 TT 1001 1 EWT 246 3...
Recap of ENS Online Workshop, October 2021
Session 1: ENS as NFT v2 (aka Name Wrapper) - medium.com ENS developer jefflau.eth talked about the upcoming NameWrapper library which wraps existing ENS names (.ETH names, subdomains, and DNS names imported into ENS), makes them all ERC-1155 NFTs in the same collection (currently only .ETH names follow a standard and its ERC-721), and gives better permissions over subdomains (including the ability to lock a subdomains from its parent without giving up control of the parent). You can read the full slide of the session below. medium.com — Session 2: ENS name as web3 profile - medium.com Brantly.eth talked about developments related to using an ENS name and records as a user’s cross-platform username and profile, including NFT avatar support, the new metadata service, the Reverse Record being renamed Primary ENS Name, the upcoming manager redesign, and more. He then passed the mic to Wayne and Rocco from SpruceID who are leading the current effort to standardize Sign-In with Ethereum. — Session 3: Layer 2 progress update - medium.com We kicked off the third session with an announcement from Sergey Nazarov from ChainLink of our collaboration to make our layer 2 solution more scalable. What we used to call Durin is now called CCIP Read. We will give more details about the collaboration in a separate post. After the announcement, I gave a brief overview of the current status of the work including demoing the CC...
Major Refresh of NFT Images & Metadata for ENS Names
We’re pleased to announce we’ve released a new metadata service for ENS names with a major refresh of the NFT images and metadata. This allows a much wider range of data to be displayed, including enabling the user to have some control over it for their name, with more improvements planned for the future. This also allows the community to have input on the NFT metadata for ENS names for the first time, and we want to hear from you! — A Brief History - ENS launched May 4, 2017, before both Curio Cards (May 9, 2017) and CryptoPunks (June 23, 2017). (Check here to see if your .ETH name is “pre-Punks.”) ERC-721 wouldn’t be released until later that year. ENS names were always by definition NFTs, but originally didn’t follow an NFT standard because none existed. In May 2019, ENS had a major upgrade, and among the new features was all .ETH names were made ERC-721 compatible NFTs. NFTs were still a niche thing and few wallets or services displayed them. The ENS team thought domain names didn’t need an image, since, unlike an NFT avatar where the image is the main thing, whether or not an ENS name has an NFT image has no effect on its function. So we locked away control of the NFT metadata. This was a mistake in hindsight but wasn’t obvious at the time. But early NFT services like OpenSea needed some way to visually display ENS names. So OpenSea created their own metadata and images for .ETH names — ...
NFT Avatar Support for ENS Profiles
We’re pleased to announce ENS now supports NFT avatars for your ENS profile. What this means is you can now set an NFT you own as the avatar of your ENS profile, and dapps can then display it alongside your ENS name. Read the spec here. At launch, this feature is supported by Uniswap and 1inch, in addition to the ENS Manager App itself. A big thanks to the team at Metaphor (more on them below) who took the lead on getting this integrated. We look forward to many more dapps integrating support for this over the next few weeks and months. → Step-by-Step Guide to Setting an NFT as your ENS Profile Avatarapp.uniswap.orgapp.1inch.ioapp.ens.domains — Want to add avatar support to your dapp? - We want this to be ubiquitous! First off, does your dapp already have ENS username support? This means that you grab the ENS name in the Ethereum account’s reverse record and use that as their cross-platform username. Here’s our docs on how to implement (pretty straightforward). Next is avatar support. Once you’ve done reverse resolution to grab the user’s ENS name for their username, you can then grab info from that name’s records, such as their avatar. You can read the ENS avatar spec and implement yourself, or use Metaphor’s Davatar library. — Special thanks to Metaphor - Metaphor took up the effort to get this feature over the finish line and getting it integrated in services. Thank you! Founded by gail.e...
Step-by-Step Guide to Setting an NFT as your ENS Profile Avatar
This is a step-by-step guide to setting up the avatar record of your ENS profile. Right now, we only support ERC-721 and ERC-1155 NFTs on the Ethereum blockchain (this may expand in the future). Warning: Support in the ENS Manager right now is very manual! A upcoming redesign of the ENS Manager (sneak peek here) will make this much easier to do. But for now, here’s a guide on exactly what to do: — 1) Do you have an ENS name?. — If you don’t already have an ENS name, you can register a .ETH name or import in a DNS domain name you already own at app.ens.domains. You can set an NFT avatar for either kind of ENS name. — 2) Is your Primary ENS Name record set?. — Be sure that your Primary ENS Name (reverse record) is set. This designates which of your ENS names represents your Ethereum account in dapps as your username. You can do that by going to app.ens.domains, then My Account, and using the tool on that page to set it. — 3) Setting the Avatar record. — Go to app.ens.domains and search for your ENS name to get to its records page. Make sure you Connect with the wallet that owns the ENS name. Then click “Add/Edit Records”. Scroll down to the “Text” section, where you’ll fine the avatar record. Note that you can put a HTTPS link or IPFS hash to a file. But if you’d like to put an NFT that you own, then you enter it in with this format: eip155:1/[NFT standard]:[contract ...
ENS Online Workshop — October 2021
ENS Online Workshop — October 2021 - Since we had the last workshop back in April, ENS has experienced tremendous growth. Compared to this time last year, we now have 10x the number of daily .eth name registrations. ENS names are often one of the first NFTs people purchase when they begin interacting with the Ethereum blockchain. We have over 280 Dapps integrated, with many new features soon to be available. We would like to have a space for interactive discussions with builders who have integrated with ENS or are planning to. Our next half-day ENS workshop will be held on Monday, October 18th. The start time is 16:00 UTC (US pacific 09:00, US eastern 12:00, London 17:00, Zurich 18:00, Taipei 24:00, Auckland +1 04:00). The format for the workshop is based on the format of previous ENS workshops. We will be dividing the workshop into the following 50 minute sessions. Participants are encouraged to join the sessions they are interested in. ENS as NFT v2 (aka Name Wrapper) : 16:00–16:50 UTC, ENS name as web3 profile : 17:00–17:50 UTC, Layer 2 progress update : 18:00–18:50 UTC, EthOnline hackathon show and tell: 19:00–19:50 UTC, If you are a builder, have integrated ENS into your Dapp (or are planning to), or you are interested in learning more about upcoming features, please apply to participate in the workshop via this form. Before you apply, please read the following topic descriptions and choose which se...
How to Support ENS for Multi-Chain Dapps
As an increasing number of dapps start to support multiple chains, you have started noticing that ENS names are usually shown when you’re connected to Ethereum mainnet, but not when connected to different chains. This is because the ENS registry contracts are only deployed to Ethereum mainnet and some testnets (Rinkeby, Ropsten, and Goerli). — Always refer to ENS name from Mainnet - Our recommendation is simple: always refer to the ENS name on Ethereum mainnet (networkId 1). On the event ticketing application called Kickback (run by me and my ENS co-worker Jeff), we have a function called getEnsAddress that connects to mainnet and simply gets data from there despite the application itself is deployed to Polygon network (and xDai). — Contract wallet addresses - One of the well-known issues when it comes to L2/sidechains is that the addresses of contract wallets (such as Argent and Gnosis Safe) are mostly not compatible (unless you take extra steps). Many people send funds from the sidechain to mainnet smart contract addresses, but the recipient cannot access the address on the sidechain because the smart contract wallet was not deployed with the same address, and people end up losing funds. One way to prevent this is for each user to set an address for each side chain in their ENS records. Then dapps can lookup the address with a specific coin address (if you don’t specify any cointype to, addr() function, ...
Full DNS Namespace Integration to ENS Now on Mainnet
We’re pleased to announce that full DNS namespace integration for ENS is now live on Ethereum mainnet. This enables the owner of a DNS second-level domain name (a DNS name with one dot in it) to import the same name for use on ENS. For example, if you own “example.com” on DNS, you can import it into ENS — as example.com, not example.eth, the latter is a separate name. You can then set ENS records for it, e.g. to allow you to receive payments in cryptocurrencies like ETH, BTC, and DOGE to example.com. → Step-by-Step Guide to Importing a DNS Domain Name to ENS → How .ETH Names Compare to DNS Names Imported to ENSSending ETH to brantlymillegan.com in the MetaMask browser extension — A Long Road - Those who have been following ENS for a while know that this has been a long time in the making, to say the least! While ENS launched in May 2017 only supporting the ENS-native TLD .ETH, ENS has always been capable in principle of supporting more TLDs. To expand the namespace on ENS, we’ve decided against simply creating additional ENS-native TLDs and in favor of integrating the existing DNS namespace. We think this approach is best for users and gives ENS the best chances for long-term success. This plan was first announced by ENS creator and lead developer Nick Johnson at Devcon3 back in November 2017, with steady progress over the last ~4 years (e.g., see here, here, here, here, here). This new rollout...
Step-by-Step Guide to Importing a DNS Domain Name to ENS
This guide will give you step-by-step instructions of how to import a DNS domain name you already own into ENS. → How .ETH Names Compare to DNS Names Imported to ENS — Before you get started - 1) Are you wanting to register a .ETH name on ENS? Then this is not the guide for you! Use this guide instead. 2) You must already own on DNS the name you wish to import into ENS E.g. if you want to import example.com to ENS, you must first own example.com on DNS. You cannot claim a DNS name on ENS that you don’t currently own on DNS. While you can use any DNS registrar that supports DNSSEC, this guide will demonstrate with Google Domains. 3) You’ll need an Ethereum account ENS names, including DNS names imported to ENS, are owned and controlled by Ethereum accounts. To create and manage an Ethereum account, there are many Ethereum wallet providers to choose from. This guide will demonstrate with the Ethereum browser extension MetaMask, though you’ll likely be able to follow along if you’re using a different wallet.metamask.io 4) You’ll need some ETH Although there is no ENS protocol fee for DNS names imported into ENS, the importing process requires paying an Ethereum network gas fee in ETH. Given that the importing process uses a lot of gas, combined with high gas prices lately, it means that it can be kind of pricey right now. You may want at least a few hundred dollars worth of ETH in your wallet. We a...
More Ethereum Name Service (#ENS) News
|FTX Debtors' List of Assets Omits Mention of Large Stash of NFTs and ENS...
This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX's and Alameda Research's cache. However, the disclosure to unsecured creditors does not mention the extremely large stash of non-fungible tokens the company had accrued over the years.FTX and Alameda's Liquidated Assets Include Thousands of NFTs and ENS Names
FTX's inner circle and the quantitative trading company Alameda Research were heavily involved in the non-fungible token (NFT) hype that began in 2021. In fact, after FTX and Alameda filed for bankruptcy protection, our news desk parsed through a large number of Alameda/FTX-associated wallets and discovered thousands of NFTs and Ethereum Name Service (ENS) names.
The discoveries were derived from wallets labeled by Block researcher Larry Cermak and parsed data from the crypto monitoring application Arkham Intelligence and dappradar.com's portfolio viewer. For example, the Alameda-linked address '0x116' holds around $100,000 in crypto tokens, but it also holds 107 ENS names. It's possible that Alameda thought it could flip ENS names in the future, as the firm obtained a great number of common names.
Alameda and now the liquidators own ENS names such as 'tickets.eth,' 'payment.eth,' 'network.eth,' 'dungeon.eth,' 'packager.eth,' 'nootropic.eth,' 'breakfast.eth,' an...
|Ethereum Name Service (ENS) Wrapped 2022 With Over 2.2M Registrations
Ethereum Name Service (ENS) clocked in over 2.2 million domain names in 2022 despite the devastating turmoil in the crypto market. This also represented nearly 80% of all of the domains created since its inception.
Data from Dune Analytics revealed that the Ethereum-based distributed domain name service registered more than 2.82 million names as of January 2nd.
ENS domain name purchases are made with Ether tokens. With the fall in the price of the crypto-asset significantly over the year, the cost of gas fees for transactions on the network also plummeted, which at certain stages throughout the year prompted an appreciation in the number of .eth domain name registrations as users capitalized the lower fees.
ENS Trend Throughout 2022
Ethereum Name Service figures were on a consistent uptrend for the first five months of the year. The first prominent high in terms of in .eth domain registrations formed in May. However, the TerraUSD (UST) crash and the subsequent contagion fears gripped the market, which coincided with a drop.
The recovery, however, was quick. July broke the earlier record. Shortly thereafter, it logged a monthly high of 437,365 in September. The Merge may have played a crucial role in the increased activity.
On the other hand, ENS wrapped up the year at its lowest level, with December being the worst-performing month. A little over 52,000 names were created. Meanwhile, the count of monthly registrations dropped by 88% since its peak just two months prior.
|Ethereum Name Service (ENS) Drops To $16 Support; Will Bears Come Out To...
ENS' price shows strength as price holds strong above the key support zone to avoid price retesting lower point on the daily chart. ENS rejected a trend higher above $20 as the price faced a sharp rejection to a region of key Support of $16.5.
The price of ENS continues to hold strong above the 50 and 200 Exponential Moving Averages (EMA) as the price aims to rally toward $20. The price of Ethereum Name Service (ENS) has continued to hold strong as price trends toward the region of $20 as the price faced rejection earlier from that region. The crypto market has had little volatility compared to previous weeks, with many altcoins and major crypto players like Bitcoin (BTC) and Ethereum (ETH) continuing to move in a range with few exceptions. The likes of Ethereum Name Service (ENS) have had a great time rallying despite the uncertainty in the market, with many wondering if the $20 resistance would be broken for a higher high. (Data from Binance)
Ethereum Name Service (ENS) Price Analysis On The Weekly Chart. Despite many altcoins struggling to trend in a range market, the price of ENS has been a standout performer as price rallied and held strong at key support zones showing the strength of buyers not willing to let go of price to sellers.
The price of ENS has had a bad time recently as the price declined from an all-time high of over $100 to a region of $8 before rallying to a high of $17. ENS' price faced a rejection from $17 to break higher to the region of $20. ...
|Ethereum Name Service (ENS) Moves Silently With 20% Rise – Will Pr...
ENS price outshines the market as price shows strength rallying to a high of $20. ENS tops the crypto price as it cracks over 20% gain in less than 24 hours despite the crypto bloodbath.
The price of ENS shows bullish signs as the price holds above the 50 and 200 Exponential Moving Averages (EMA) with good volume.
Despite the uncertainty that currently surrounds the cryptocurrency market, the price of Ethereum Name Service (ENS) has been one of the dark horses, rallying from $13 to $20. The crypto market suffered a new setback when the price of Bitcoin (BTC) fell from around $19,000 to $18,100 as the Consumer Price Index (CPI) indicated an increase in inflation, negatively affecting the price of BTC with altcoins affected but Ethereum Name Service (ENS) demonstrating incredible strength. (Data from Binance)
Ethereum Name Service (ENS) Price Analysis On The Weekly Chart
Although the crypto market experienced a sharp decline due to the CPI news, the market appeared to be manipulated as Bitcoin's (BTC) price dropped from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with ENS demonstrating how to run the show.
It remains to be seen whether the current bounce is a sham or will be sustained as Bitcoin Dominance rises; this will impact the price of altcoins, particularly when BTC retraces, causing more retracement for altcoins.
October began looking promising for altcoins, as they had significant strength to rally....
|Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol Gains
In the past two days, Bitcoin triumphantly hit the critical level of $20K. This sudden push from the primary crypto asset was after hovering between $18K and $24K regions for some months. But following the effects of some macroeconomic factors, the price of BTC was rounding the $19K region.
This year has been the toughest for crypto assets and other financial instruments. But the struggle to remain valuable is seemingly paying off as most coins are currently regaining loss values. Even though the Feds are still hawkish, the market is gradually moving towards a bullish sentiment.
However, the bullish trend in the broader crypto market is spreading gradually. The leading crypto kept its position strongly despite the bears struggling to take over.
The appearance of the bulls has deterred further decline for BTC. Other cryptocurrencies are taking to the north, with Ethereum Name Service (ENS) emerging as the top performer.
With the new movement of prices, the cumulative market cap has hit $964.91 billion, indicating a surge of 0.70% over the past 24 hours. The overall implication of events shows a slight improvement in the trend compared to yesterday and last week. However, the broader crypto market sentiment still has elements of fear.
Bitcoin Consolidates The $20K Level
After hitting the critical level of $20,000 a few days ago, Bitcoin is currently displaying its sustainability. The asset has defended its stance on the level and also made an impressive consolidation. This was...
|Ethereum Name Service (ENS) Breaks Out, Can Price Hit $20?
ENS price continues its bullish structure after a reclaim of the $15 region as the price stays on track to retest major resistance.
ENS trades above key support as price reclaim 8 and 20-day EMA. The price of ENS aims to continue its rally as the price shows bullish strength after breaking out of the descending triangle. Ethereum Name Service (ENS) has looked more decent in price action against tether (USDT) after breaking out of a descending triangle to set up a more bullish sentiment. The price of Ethereum Name Service looks set to breach the $20 mark. Ethereum Name Service (ENS) has had a favorable response as the prices of altcoins and the crypto market look to bounce from their key support areas, with BNB price looking more stable for a retest of key resistance at $20. (Data from Binance)
Ethereum Name Service (ENS) Price Analysis On The Weekly Chart. Despite struggling to break above $17 in recent weeks, with the price rejecting its weekly support, the ENS price has managed to hold its key support at $14; with so much uncertainty in the market about where it is headed, the price of ENS showed great strength in that region.
Despite the current bear market that has made trading even more difficult, the price of ENS continues to show strong signs of recovery and has surpassed its monthly return on investment (ROI) for major cryptocurrencies.
After retesting a weekly low of $12.5, the price of ENS has recently rallied to around $15 but has been rejected in an a...
|Bitcoin Defends $20K While Ethereum Name Service (ENS) Soars 11% Daily: ...
The past 24 hours saw Bitcoin's price consolidate above $20,000 while also defending an attempt by the bears to push it back below the coveted level.
At the same time, the altcoin scene is also relatively calm, with XRP pushing towards $0.5 and being the best performer of the top alternative coins by means of total market capitalization.
BTC Defends $20K and Consolidates Above
At the time of this writing, BTC's price trades at around $20,200, up some 0.6% over the past 24 hours. The important thing to notice is the subsequent daily close above the important $20K level.
Also, the bears attempted to push the price below it, bringing it as low as $19,730 (on Binance), but the bulls were determined to defend and prevented further declines, as evident in the chart below.
It's very important for the cryptocurrency to sustain its price above $20K if there would be any chances for a push higher.
Altcoins Calm, ENS Explodes 11
The broader cryptocurrency market was also relatively calm over the past day. The majority of altcoins are consolidating, with a few exceptions.
Source: Quantify Crypto
XRP continues to perform very strongly, up another 3% in the past 24 hours and pushing for $0.50. This is a major obstacle for the cryptocurrency, and if successful in surpassing it, this could open up the path to higher levels.
At the same time, Ethereum Name Service's token - ENS - soared by some 11% today. This also makes it one of the best performers, followed by EVMOS. In...
|1inch Partners With Unstoppable Domains to Compete With ENS
On Oct. 4, the 1inch network announced a partnership with nonfungible token (NFT) domain name provider and digital identity platform Unstoppable Domains.
The new collaboration signals a move into the decentralized domain space, which is currently dominated by the Ethereum Name Service (ENS).
According to the announcement, the partnership will allow 1inch Wallet users to perform transactions in a more user-friendly way by replacing complex addresses with domain names. This is precisely what ENS offers – replacing Ethereum addresses with web-friendly domain names.
1/ Meet the most unstoppable announcement of this week!#1inch is excited to announce a partnership with @unstoppableweb, an #NFT domain name provider and digital identity platform.
Read more: https://t.co/ooGROWT9XR#DeFi #crypto #Web3
— 1inch Network (@1inch) October 4, 2022
Big Name Choice … But at a Price
Unstoppable Domains generates user-friendly names by minting them as an NFT so that the holder can keep them forever. By comparison, ENS domains need to be renewed periodically, just like real-world domain names.
The platform also offers different usernames for crypto that can have endings, including NFT, Wallet, Crypto, Bitcoin, Blockchain, 888, and DAO. Users can interact with their 1inch Wallets with names such as andy.wallet or money.crypto. ENS names, on the other hand all end with .eth.
The names can also be used as digital identities according to Unstoppable Domains. When searching fo...
|Ethereum Name Service (ENS) Looks Strong, Eyes $16 Reclaim
ENS price ranges break above 50 EMA on the daily timeframe.
ENS price gets rejected as price attempts to break out of an asymmetric triangle. The price holds above daily support and could retest daily resistance for a possible break.
Ethereum Names Service (ENS) price showed bullish strength recently, but the price has struggled to break above key resistance against tether (USDT). With Ethereum Name Service (ENS) facing resistance to breaking above $16, acting as a tough resistance area, the price of ENS continues to trade above daily support as the price aims to break key resistance. (Data from Binance)
Ethereum Name Service (ENS) Price Analysis On The Weekly Chart
After bouncing from its weekly low of $9 as a price rally to a high of $17 before facing a stip rejection, the price of ENS has recently declined, and the price has continued to struggle to rejuvenate its bullish trend.
The price of ENS remains above a critical support level of $14, acting as a good demand zone for buy orders. For ENS to have a chance to trend higher, the price must break through its weekly resistance of $16.
To restore a relief bounce, the price of ENS must break and hold above the $16-$17 resistance level that is preventing the price of ENS from trending higher. If the price of ENS continues to reject $16, we may see a retest of $14 and possibly a lower support area of $10 on the weekly chart.
If the price of ENS breaks and holds above $17, it could spark a major rally, as th...
|Why is Trading Volume for ENS Domains Surging?
While overall NFT volume has fallen off a cliff since January, Ethereum Name Service (ENS) domain sales have soared over the past week.
The collection is now the most highly traded Ethereum-based collection on OpenSea, beating the likes of both CryptoPunks and Bored Ape Yacht Club (BAYC). What’s behind the collection’s sudden climb to the top of the marketplace?
ENS VS NFT Performance
According to OpenSea, ENS has generated 876 ETH in sales over the past 24 hours alone, at writing time. At current prices, that’s $1,376,196 in trades.
By comparison, CryptoPunks have only generated 253 ETH in trades, while BAYC has generated 157 ETH in trading volume. ENS now ranks second on OpenSea overall, beaten only by the “yoots mint t00b” collection’s 191,000 SOL ($5,730,000) volume following its minting event on Tuesday.
The weekly volume for ENS stands at 2565 ETH, demonstrating that the bulk of it has been generated over the past two days. Multiple other top NFT collections including BAYC and Moonbirds are down roughly 50% each within that time.
NFTs – short for Non-Fungible Tokens – are unique digital blockchain tokens tradeable over a cryptocurrency network. They can be used to represent other tangible/ non-tangible assets or as independently valued assets all their own.
While the most popular NFTs today are mostly used as speculative collectibles, ENS domains operate slightly differently. While tradeable as NFTs...
|What is ENS? Ethereum Name Service Explained (Updated 2022)
Back in the days, when the Internet wasn’t so mainstream, one of the main problems that users faced was that domain names hadn’t been matched up to internet protocol (IP) addresses.
This made them very unfriendly towards the average Joe, who had to type in the IP address of the website they wanted to visit, as in to literally type in the numbers.
Unlike traditional IPs, cryptocurrency addresses represent even longer strings of numbers and letters. If a user wants to send another user funds over Ethereum’s network, they would have to input the address and make sure that each number and letter is written correctly.
What is Ethereum Name Service (ENS)?
How Does ENS Work?
The Difference Between DNS and ENS
How to Register an Ethereum Name Service (ENS) Domain?
Ethereum Name Service Governance
It’s also important to know that, in this regard, blockchain-based technology is very punishing. This is because if you fail to input the address correctly and mistype a letter, the funds you send will be irreversibly lost. There’s no central authority to contact to reverse or refund the transaction - that money is lost.
And just like Domain Name Services (DNS) came to life when using the Internet, the Ethereum Name Service (ENS) came to be.
What is Ethereum Name Service (ENS)?
Ethereum Name Service (ENS) takes the exact same concept as the Domain Name Service (DNS) but adjusts it for the needs of Ethereum users. At its core, the Ethereum ...
|Ethereum Name Service (ENS) Domains Exceed 2 Million After Record-Breaki...
Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier.
Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly names.
The not-for-profit naming system is powered by the Ethereum blockchain, where ENS domain names are secured with the help of smart contracts. Additionally. these domain names are also non-fungible tokens and can be sold on NFT marketplaces, including OpenSea.
In short, it can be defined as an NFT that can act as an ETH wallet address, a cryptographic hash, or a website URL.
Ethereum Name Service (ENS) Stats so far
According to data from Dune Analytics, over 525,000 addresses had participated. The charts indicated 67,095 ENS registrations in February, but the figures spiked to 85,272 the following month. The uptrend continued, and April saw 162,978, with May recording a significant rise of 365,652 registrations - 124% higher than the month prior.
The month of June, on the other hand, saw only 122,327 names being registered as a result of the unprecedented market turmoil. Figures completely flipped in July amidst recovering market sentiment among investors. In fact, ENS registrations reached 378,804 during that month.
The number of ENS registrations in July exceeded 378,000. Th...
|Ethereum Name Service Sells for Second-Highest Price Ever of 300 ETH
Ethereum Name Service (ENS) domain 000.eth was sold for 300 ETH, roughly $315,000, on 3rd July. This marked the second-largest purchase denominated not just in Ether but also in terms of US Dollars.
On-chain data revealed that the ENS name was sold by a user called EtheOS on the OpenSea marketplace who had received it in June 2020.
The ENS name was first listed for 100 ETH in September 2021, then valued at around $300,000. The user re-listed the name in January this year for 500 ETH and once again in March. The offer was listed for three months before being accepted. The latest sale stands second to the highest sale of 420 ETH of another ENS name - paradigm.eth - last October. It was valued at approximately $1.5 million at that time.
For the uninitiated Ethereum Name Service, also known as ENS, is a protocol that links machine-generated codes to human-friendly names. It is Web3-friendly, open, decentralized, and not-for-profit naming system powered by the Ethereum blockchain. ENS' domain names are secured via smart contracts.
These names are also NFTs and can be sold on popular marketplaces such as OpenSea. According to stats, ENS is one of the most widely integrated naming standards with over 1.1 million names, 504 integrations, and over 400k owners.
Ethereum Naming System (ENS) has gained widespread adoption lately. Many prominent personalities, including Ethereum co-founder Vitalik Buterin, Coinbase's Brian Armstrong, Shopify CEO Tobias Lütke, and...
|Ethereum Name Service Domains Surpass 1 Million Registered Names
Ethereum Name Service, or ENS, surpassed a million created names this week, according to statistics from the crypto metrics dashboard Dune Analytics. Data shows that there's been a significant spike in ENS names registered during the last 30 days, and 24-hour statistics indicate ENS has been a top burner in terms of protocols burning the most ethereum.Over a Million ENS Domain Names Registered - ENS Burns $3.6 Million in Ether
The number of registered ENS names created has surpassed 1 million total. Metrics indicate that the number of Ethereum-based domain names created in April saw a significant spike. 162,978 names were created in April, while only 85,272 were registered in March. Moreover, during the last few days in May, 71,563 ENS names were registered, which means there's been significant ENS usage during the past month.
Blockchain-based domain names have many advantages and one of the biggest benefits is the fact that the easy-to-read name can be used as a crypto address. So instead of having to use a long alphanumeric ETH address, a user can use a human-readable ENS name instead like 'bob.eth.' Because an ENS name can be a human-readable ETH address and a domain name at the same time, the ENS protocol leverages two smart contracts.
This week, Dune Analytics metrics indicate that there are seven ENS name whales with over 1,000 names owned each. The ENS domain hires.eth has 1,514 and is the top ENS whale today, while nja.eth holds 1,444 names. The other ENS whales inc...