Ethereum Domain Names Dominate Bored Apes on OpenSea Weekly Chart
Ahead of the next merger, ENS domains hit the top of OpenSea's 7-day chart in transaction volume.
New
Ethereum Name Service (ENS) domain names have overtaken Bored Ape Yacht Club (BAYC) as the most traded asset on the OpenSea non-fungible token (NFT) market in the last seven days – apparently before the Ethereum merger.
According to data from OpenSea, Ethereum domain weekly NFT volume eclipsed 2,249 Ether (ETH) at the time of writing, beating RTFKT Clone X at 1,992 ETH and Bored Ape Yacht Club at 1,777 ETH.
ENS domains are a distributed, open, and extensible naming system on the Ethereum blockchain that allows users to transform a long chain of keys for a cryptographic address into a single ENS domain such as "vitalik.eth".
This simplifies the complexity of copying and pasting a long wallet address to send and receive crypto, as users only need to share their domain name like any other regular address.
These domain names can be bought, sold and traded between users in the form of NFTs.
The recent spike in ENS trading volume saw the average price of ENS items increase by 167% to 0.3895 ETH, or $641 at the time of writing, while daily volume rose from 120.7 ETH at 1044.6 ETH.
There are now over 2 million ENS items on OpenSea, distributed among over 508,000 owners, with total sales of 2,682 ENS domains sold.
60 Day Average Price Change For ENS on OpenSea. Source: OpenSea.According to OpenSea, some of the most...
Ahead of the next merger, ENS domains hit the top of OpenSea's 7-day chart in transaction volume.
New
Ethereum Name Service (ENS) domain names have overtaken Bored Ape Yacht Club (BAYC) as the most traded asset on the OpenSea non-fungible token (NFT) market in the last seven days – apparently before the Ethereum merger.
According to data from OpenSea, Ethereum domain weekly NFT volume eclipsed 2,249 Ether (ETH) at the time of writing, beating RTFKT Clone X at 1,992 ETH and Bored Ape Yacht Club at 1,777 ETH.
ENS domains are a distributed, open, and extensible naming system on the Ethereum blockchain that allows users to transform a long chain of keys for a cryptographic address into a single ENS domain such as "vitalik.eth".
This simplifies the complexity of copying and pasting a long wallet address to send and receive crypto, as users only need to share their domain name like any other regular address.
These domain names can be bought, sold and traded between users in the form of NFTs.
The recent spike in ENS trading volume saw the average price of ENS items increase by 167% to 0.3895 ETH, or $641 at the time of writing, while daily volume rose from 120.7 ETH at 1044.6 ETH.
There are now over 2 million ENS items on OpenSea, distributed among over 508,000 owners, with total sales of 2,682 ENS domains sold.
60 Day Average Price Change For ENS on OpenSea. Source: OpenSea.According to OpenSea, some of the most...
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