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.
Apr 28, 2022 at 3:44 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KIP6S65OWVC4DL5E6JXJHVVN2Q.jpg)
The Bored Ape Yacht Club NFT collection. (Yuga Labs)
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.
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