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.

AccessTimeIconApr 28, 2022 at 3:44 p.m. UTC
Updated Apr 28, 2022 at 4:03 p.m. UTC

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

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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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

CoinDesk - Unknown

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.