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Ethereum Name Service NFTs Overtake BAYC in Daily Trade Volume
The ENS NFTs have seen a surge in volume today as investors dive in to purchase three- and four-digit domains.
Frenzied buying of non-fungible tokens (NFTs) for three- and four-digit Ethereum Name Service (ENS) domains has caused daily trade volume to surpass that of the Bored Ape Yacht Club (BAYC) on NFT marketplace OpenSea.
- One of the largest sales of all time has also taken place, with the 555.eth NFT being purchased for $158,000 worth of ether (ETH).
- Owners of ENS domains containing four digits or fewer gain entry into an elusive private Discord channel dubbed the 10kclub.
- The current floor price of three-digit domains is 6.5 ETH ($18,850), while that for four-digit domains is rapidly approaching 0.5 ETH ($1,450).
- ENS NFT trade volume is up by 191.59% over the past 24 hours and 2,012% over the past week.
Read more: NFTs Stolen After Bored Ape Yacht Club Instagram, Discord Hacked
STORY CONTINUES BELOW
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
