NFT Investors Rush To Buy Domains on ENS Since Last Week

Ethereum Name Service (ENS) .eth domains ranging from 0000 to 9999 have recently attracted quite a bit of attention from NFT investors, enthusiasts, and speculators alike. Domains with three and four digit names have been around for years now, yet there has been a purchasing frenzy for these domains on the secondary markets recently.

According to a Dune Analytics dashboard for ENS, the spike in domain sales started on April 21, and the number of .eth name registrations has leaped from 2,721 to 21,188 in the following week.

OpenSea trading volume for the ENS domains has climbed by 3,333% to 2,613 ETH, around $7.3 million at current prices. The most trading activity in the secondary market occurred in the last 48 hours. So far, the most expensive domain is “555.eth”, which sold for 55.5 ETH, approximately $156,821.91, on April 28.

Holders who have purchased ENS names ranging from 0-9999 have created an exclusive Discord channel named the 10kClub. Nearly 4,000 ENS holders have joined the social club at the time of writing. Members of the social channel also posted the refrain “I AM MY NUMBERS AND MY NUMBERS ARE ME,” which has been continuously posted in the Discord chat.

There is no roadmap for the 10kClub, according to their Twitter page.

Individual users are not the only ones who have recently registered names with Ethereum Name Service. Major brands and corporations such as Budweiser and Puma have also registered their domain names.