What is the trading volume of ENS names?

ENS (Ethereum Name Service) names are witnessing significant trading activity and growth in volume. Here are some of the notable statistics and insights discussed by experts:

1. Trading Volume:

   • In a recent month, ENS trading volume reached 2300 Ether, surpassing that of Board Apes which was at 2120 Ether. Approximately 9000 ENS names changed hands within seven days 1.

2. High-Value Sales:

   • ENS names, particularly three-digit numbers, have seen remarkable sales. For example, "three ETH" sold for 83.5 ETH, and "eight ten" sold for 38 ETH 2.

3. Monthly Registrations and Revenue:

   • ENS saw 301,000 new ETH registrations in August, generating $4.7 million in protocol revenue. In another instance, 378,000 new registrations in July brought in $6.8 million 1 3.
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       ENS Numbers Soar

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       Hot ENS Names

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       ENS Domination

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4. Overall Market Impact:

   • ENS names are considered non-speculative, valuable assets in the NFT market, particularly during bear markets. Their practical utility, such as linking to Ethereum addresses and IPFS websites, contributes to their sustained value 1 1.

These metrics demonstrate ENS names' robustness and growing popularity in the Ethereum and broader crypto ecosystem.