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 Oct 20, 2022 at 12:40 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Oliver Knight

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


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.