Trading volume for domain names for Web3 sites has overtaken digital art pieces from the famous Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible token (NFT) collections.
Based on trading data from NFT marketplace OpenSea, ENS has now become the top NFT project on Ethereum (ETH) in terms of seven-day trading volume. Notably, this means that the domain name service has surpassed even wildly popular NFT collections such as BAYC, CloneX and Moonbirds.
The trading volume recorded for ENS names reached 3,762 ETH, or USD 6.6m, on OpenSea in the last seven days. For comparison, BAYC recorded a trading volume of 2,417 ETH (USD 4.2m), while other popular NFT collections such as Otherdeed for Otherside and CloneX saw trading volumes of 2,920 ETH (USD 5.1m) and 981 ETH (USD 1.7m), respectively.
Top 5 Ethereum NFT projects by trading volume on OpenSea:
Among the biggest players in the Web3 domain name space is Ethereum Name Service (ENS) and Unstoppable Domains.
For...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...