Here’s the latest competitor to BAYC on OpenSea in terms of sale volumes
What’s the latest hype around the NFT market? Bored Apes? Mutant Apes? Well, not really. Now, the latest ETH craze involves four-digit numbers.
Four-digit Ethereum Name Service (ENS) domains have become hot property. Domain name sales on OpenSea went up nearly 2,300% as investors want in the much renowned “10k club”.
The ENS NFTs saw a surge in volume recently as investors dive in to purchase three- and four-digit domains. In fact, this craze caused the daily trade volume, on 28 April, to surpass that of the Bored Ape Yacht Club (BAYC) on NFT marketplace OpenSea. Although, at press time, BAYC surpassed the statistics recorded, thanks to the wide-following and speculations around its Metaverse project.
Nonetheless, the last week of this month witnessed some skyrocketing views as seen in the 30-day graph below. ENS NFT trade volume went up by 191.59% over the past 24 hours and 2,012% over the past week.
Source:OpenSea
Likewise, the current floor price of three-digit domains stood at around 6.5 ETH ($18,850). While that for four-digit domains rapidly approached 0.5 ETH ($1,450).
The Ethereum Name Service (ENS) is a domain name provider for the Ethereum blockchain. The ENS controlled by a DAO, or decentralized autonomous organization, which used governance tokens to make collective decisions. It had close ties to the Ethereum Foundation and has been around since 2017.
Several celebrities and public figures currently use their ENS names as their Twitter usernames, like Jimmy Fallon (fallon.eth), Paris Hilton (parishilton.eth), Trey Songz (treysongz.eth), Coinbase CEO Brian Armstrong (barmstrong.eth), and Ethereum founder Vitalik Buterin (vitalik.eth).
One of the largest sales of all time took place with the 555.eth NFT purchased for
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