ENS Names, the useful NFTs reselling for up to 15X on OpenSea

• 2 min read
ENS Names, the useful NFTs reselling for up to 15X on OpenSea

I crunched the data on ENS names to find out the scale of the market, resale performance and top holders. Here are 5 key insights I found πŸ‘‡

𝗣𝗿𝗢𝗺𝗲𝗿: You can send crypto and NFTs to someone's wallet using their ENS name instead of entering a long Ethereum address. You can also use ENS names to point to decentralized websites and store profile info. All .eth names on ENS, such as niftytable.eth, are ERC721 NFTs.

[1/5] $13.4M has been spent registering ENS names, and $4.8M has been spent renewing them. All ENS names are rented from @ensdomains ($5/year for names 5 characters+, $160/year for 4 characters, and $640/year for 3 characters).

[2/5] 7,372 ETH has been spent on ENS names on the OpenSea secondary market. Over the past 30 days, the average secondary sale price of ENS names on OpenSea was 0.6793 ETH ($1,390).

[3/5] The biggest ENS name sale of all time was the sale of amazon.eth for 100 ETH.

amazon.eth - Ethereum Name Service (ENS) | OpenSea
`amazon.eth`, an ENS name. Please check the expiration date. To keep your name beyond that date, you will need to pay a renewal fee, currently set at $5/year for names 5 characters or longer, $160/year for names 4 characters in l

[4/5] The top 10 .eth domain holders have registered 4,462 names. The largest holder is @ENS_Domains (a company not to be confused with the ENS organization) which has 1352 names registered.

[5/10] 235,654 ENS names have been created. 123,735 of these are .eth names.


I have noticed a huge uptick in the registering of emoji ENS names. Probably caused by the yat hype. Some emoji ENS names registered this week include βœ¨πŸš€πŸŒ™.eth, πŸ’ŽπŸ™ŒπŸ».eth, and πŸ™‰πŸ™ˆπŸ™Š.eth. It's too bad, that last one would have been perfect for @punk4156.

1,582 ENS names will be released this month (if the owners choose not to renew them). Some fun expiries you could potentially snatch up include sextoy (11/04/21), milk (12/04/21), and lidar (14/04/21).


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