ENS Address Registrations Hit New Highs In September
According to Dune Analytics statistics, a total of 2.598 million ENS addresses have been established as of Friday at 3 p.m. UTC.
Ethereum Name Service is a protocol that converts long address strings into readable phrases that finish in “.eth.” The name itself is an NFT that can be exchanged on platforms like as OpenSea.
In September, Ethereum Name Service eclipsed the famous Bored Ape NFT series and ranked top in trade volume on OpenSea.
Well-known brand names are in high demand. In September, “Toyota.eth” was sold for 20 ETH ($26,556), around the same price as a standard Toyota Camry.
As CoinCu reported, the spikes in sales brought the Ethereum Name Service domain to the top of the OpenSea list of the most popular NFT collectibles.
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