4-digit ENS domains spike in demand this week and continue soaring

A Dune Analytics dashboard for ENS reveals that the spike in sales began on April 21 which the number of eth. Call registrations have actually risen from 2721 to 21188 between April 21 and 28. The trading volume of ENS domains on OpenSea has increased by 3,333% to 2,613 ETH (or $7.3 million) in the seven days since the beginning of April. In the last 48 hours, the greatest volume of ENS NFT trading on the secondary market, with “008. eth,” the most pricey domain, cost 20 ETH (or $56,125) on April 29.

The nonfungible token collection triggered a stir among NFT speculators and investors alike. ENS released 10,000 four-digit. eth domains varying in worth from 0000 to 99999. The markets trading volume has actually been significantly impacted by the ten thousand ENS names that were sold in one day.

008. eth bought for 20.0 ETH on OpenSea #domains $ENS https://t.co/XXfVcoFi8X
— ENS Sales Bot (@EnsSales) April 29, 2022

Holders who have actually collected ENS names starting at 0-999999 have actually produced a Discord channel called 10kClub. Nearly 4,000 holders of ENS had signed up with the social club at the time this post was written. Discord chat members even posted a refrain saying, “IAM MY NUMBERS and MY NUMBERS are ME.” According to the Twitter account of 10kClub, there is no roadmap.

It looks like our host is still having issues. Please use our IPFS links in the mean time whilst we sort out a much better solution.https:// t.co/ 5MtOsePsJDhttps:// t.co/ 6XDCXtYojy https://t.co/Xvgs8bdhiq
— ens.eth, April 29, 2022 (@ensdomains).

The app.ens.domains website crashed this week, resulting in a 404 mistake page. This is since the site could not be found on the server. Multiple times, the ENS team mentioned by means of Twitter that they were working to repair the issue on April 29.

Each ENS web address is an NFT. It is minted and traded like any other non-fungible token. These domains ending in.eth serve as Ethereum wallet addresses, cryptographic hashes, and website URLs. Web3 users embrace the digital identity that is possible with NFT usernames as decentralized applications, wallets and exchanges become more suitable with ENS.

Related: Future and principle of decentralized Web3 domains

A Dune Analytics control panel for ENS reveals that the spike in sales started on April 21 and that the number of eth. The trading volume of ENS domains on OpenSea has actually increased by 3,333% to 2,613 ETH (or $7.3 million) in the seven days since the start of April. In the last 48 hours, the highest volume of ENS NFT trading on the secondary market, with “008. Web3 users welcome the digital identity that is possible with NFT usernames as decentralized applications, exchanges and wallets end up being more compatible with ENS.

Holders end up being have accumulated ENS names starting at 0-999999 beginning created a Discord produced called 10kClub.

The markets trading volume has actually been considerably affected by the 10 thousand ENS names that were sold in one day.

Not just people, but also corporations and significant brand names have registered their names with Ethereum Name Service.
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