ENS domains trading volume on OpenSea increased by 3333% over the past week

The Ethereum Name Service (ENS) is a project designed to facilitate the use of Web3 by helping DApp users interact with the Ethereum network through domain names that we are used to on the regular Internet, which are also NFT tokens.

Data from Cointelegraph Markets Pro and TradingView show that since hitting a low of $ 14 on April 26, ENS has surged 91.75% to a daily high of $ 27.65 on May 2, amid rising 24-hour trading volume.

The sudden rise in ENS prices began on April 26, and this trend coincided with a surge in demand for 3- and 4-digit ENS domain names, which became the target of the 10kClub.

The excitement was caused by names from 0000. eth to 9999. eth, which were bought for 0.95 ETH. The owners of this series of names united in their own 10kClub discount server. Currently, 40% of the owners of such names have joined the club.

Over the past week, the trading volume of ENS domains on OpenSea has increased by 3333% to 2613 ETH and continues to grow. For example, 555. eth was sold for 55.5 ETH. In addition, prices for premium domains have grown exponentially. An example is the structures. eth domain, for which you need to pay 33,720 ETH for 1 year.

10kClub is a club for owners of ENS names consisting of 3 and 4 digits. Right now, the cheapest «ticket» to this club costs 1.5−2.0 ETH.