Ethereum ENS Domain Registrations Surpass 1.1 Million, with Kweichow Moutai Stock Code ENS Selling for 178,000 RMB

Surging Demand for ENS Domains

As of May 3, Ethereum Name Service (ENS) domain registrations exceeded 1.1 million, reaching 1,103,795, according to Dune Analytics. OpenSea data revealed a 4,845% weekly surge in ENS NFT sales, with total sales surpassing $28.97 million** (NFTGo.io). The ENS market capitalization now stands at **$45.56 million.

What Is ENS?

Developed by the Ethereum Foundation in 2017, ENS (Ethereum Name Service) is a decentralized domain management system. It allows users to replace complex wallet addresses (e.g., 0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72) with human-readable .eth domains (e.g., vitalik.eth). Key features:

Binds cryptocurrency addresses for simplified transactions.
Supports traditional domains (e.g., .com, .org) since August 2021.
Minimum domain length: 3 characters.

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Notable Trends and Transactions

Celebrity and Brand Adoption:
- Ethereum founder Vitalik Buterin (vitalik.eth) and NBA star Shaquille O’Neal (shaq.eth) use ENS domains as Twitter handles.
- Brands like Budweiser (purchased beer.eth for 30 ETH) and PUMA (renamed Twitter to Puma.eth) have embraced ENS.
High-Value Sales:
- abc.eth sold for 90 ETH ($254,000), the second-highest ENS transaction.
- paradigm.eth holds the record at $1.508 million.
- Stock-code domains: 600519.eth (Kweichow Moutai’s stock code) sold for 9.8 ETH (~$178,000 RMB).
Numeric Domain Frenzy:
- Buyers prioritize short numeric domains (e.g., 555.eth sold for 55.5 ETH/$160,000).
- Current ENS floor price: 0.008 ETH (OpenSea).

Market Impact and Token Performance

ENS token price rose 6.28% in 24 hours, peaking at $27.5** before stabilizing near **$23 (CoinMarketCap).
Solana’s Bonfida (launched June 2021) is a competing domain service.

FAQs

Q1: Can ENS domains be used on blockchains other than Ethereum?
A1: No. ENS is exclusive to Ethereum and incompatible with TRX, BSC, or SOL.

Q2: Why are numeric ENS domains valuable?
A2: Short, memorable numeric domains (e.g., stock codes) attract investors and brands, driving demand.

Q3: How does ENS differ from traditional domains like .com?
A3: ENS integrates with crypto wallets for decentralized payments, while traditional domains rely on centralized DNS systems.

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Conclusion

ENS domains combine utility (simplified crypto transactions) and investment potential (high resale value). With registrations crossing 1.1 million and notable adoptions, ENS solidifies its role in Web3 identity.

Note: All financial data is dynamic—verify metrics before decision-making.