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

CointelegraphPublished on 2022-04-30Last updated on 2022-04-30

Abstract

Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors.

Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors, speculators and enthusiasts alike. After all 10,000 ENS names sold out in one day, the number of people registering for ENS names and purchasing these digit number names on secondary markets has significantly affected the market's trading volume.
According to a Dune Analytics dashboard for ENS, the spike in sales began on April 21, and the number of eth. name registrations has since jumped from 2721 to 21,188 by April 28. Over the last seven-day period, ENS domains' trading volume on OpenSea climbed by 3,333% to 2,613 ETH, or $7.3 million, at the time of writing. The last 48 hours have seen the most ENS NFT trading in the secondary market with the most expensive domain so far, "008.eth," selling for 20 ETH, or $56,125 on April 29.
008.eth bought for 20.0 ETH on OpenSea #domains $ENS https://t.co/XXfVcoFi8X
— ENS Sales Bot (@EnsSales) April 29, 2022
Each ENS web name is an NFT that is minted and sold like any other nonfungible token. These decentralized domains that end in .eth can act like Ethereum wallet addresses, cryptographic hashes and website URLs. As decentralized applications, wallets, exchanges and marketplaces increasingly support NFT usernames, whether from ENS or from competitors like Unstoppable Domains, Web3 users are embracing the value that can be tied to a digital identity.
Holders who have scooped up ENS names from 0-9999 have formed an exclusive Discord channel called the 10kClub. At the time of writing, nearly 4,000 ENS holders had joined this social club. Members even created a refrain that was continuously posted throughout the Discord chat stating, "I AM MY NUMBERS AND MY NUMBERS ARE ME." According to the 10kClub Twitter page, there is no roadmap.
Consequentially, the app.ens.domains website has been crashing this past week and leading users to a 404 error page because the website couldn't be found on the server. On April 29, the ENS team tweeted multiple times that they are working to resolve the issue.
Looks like our host is still struggling. Please use our IPFS links in the mean time whilst we sort out a better solution.https://t.co/5MtOsePsJD https://t.co/6XDCXtYojy https://t.co/Xvgs8bdhiq
— ens.eth (@ensdomains) April 29, 2022
Not just individuals but also major brands and corporations have recently registered their names with Ethereum Name Service, such as Puma and Budweiser.

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How to Buy ENS

Welcome to HTX.com! We've made purchasing Ethereum Name Service (ENS) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Ethereum Name Service (ENS) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Ethereum Name Service (ENS)After purchasing your Ethereum Name Service (ENS), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Ethereum Name Service (ENS)Easily trade Ethereum Name Service (ENS) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

5.5k Total ViewsPublished 2024.03.29Updated 2026.06.02

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