Here’s Why ENS Sales Have Increased:
Since April, ENS sales have been skyrocketing, thanks to the popularity of 10kClubOfficial. Winnersclub.eth recently registered the one-millionth ENS name. So, let’s take a look at some of the main takeaways from the ENS rally.
Sales of ENS domains are at an all-time high.
ENS domains cost 2492 ETH ($7.3 million) to register and 169 ETH ($510k) to renew in April. As a result, the ENS DAO has earned a total of 2660 ETH ($7.8M). In fact, the DAO token now has 57.5k token holders and a market cap of $1 billion when completely diluted.
Meanwhile, four-digit numbers accounted for 41% of all secondary ENS market sales, while three-digit numbers accounted for 2%. On May 6th, 2022, users minted out all 100k 5-digit ENS domains.
Furthermore, in April, the monthly secondary market trade volume of ENS domains reached a record high of $16 million. It will also set a new all-time high with over $55 million in trades just in May!
ENS domains are currently registered with over 406k unique addresses. This number does not include expired names that are still inside their 90-day renewal grace period.
Over 1.1 million ENS domains have been registered as of this writing. ENS domains also have a total secondary sales volume of 29.6k ETH, with over 386k owners.
What exactly are the ENS domains?
The Ethereum Name Service, or ENS, is a blockchain-based name lookup service. ENS domains are Web3 usernames that link all of your websites and addresses together under one name.
Looking for the biggest NFT marketing agency? NFT Boosts is one of the leading NFT marketing agency that offers effective nft marketing services with latest NFT news around the globe. Visit us today for more details.
This article is just for educational purposes.
Make your own exploration before making any form of investment, as always.
Possessors, holders, suckers, members of the community, jumbos. Want to give your composition a boost by putting it at the top of the homepage? == > Get in touch with us!