4-digit ENS domains spike in demand this week and continue soaring

Since Ethereum Name Service, oregon ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token postulation has caused a disturbance among NFT investors, speculators and enthusiasts alike. After each 10,000 ENS names sold retired successful 1 day, the fig of radical registering for ENS names and purchasing these digit fig names connected secondary markets has importantly affected the market's trading volume.

According to a Dune Analytics dashboard for ENS, the spike successful income began connected April 21, and the fig of eth. sanction registrations has since jumped from 2721 to 21,188 by April 28. Over the past seven-day period, ENS domains' trading measurement connected OpenSea climbed by 3,333% to 2,613 ETH, or $7.3 million, astatine the clip of writing. The past 48 hours person seen the astir ENS NFT trading successful the secondary marketplace with the astir costly domain truthful far, "008.eth," selling for 20 ETH, oregon $56,125 connected April 29.

008.eth bought for 20.0 ETH connected OpenSea #domains $ENS https://t.co/XXfVcoFi8X

— ENS Sales Bot (@EnsSales) April 29, 2022

Each ENS web sanction is an NFT that is minted and sold similar immoderate different nonfungible token. These decentralized domains that extremity successful .eth tin enactment similar Ethereum wallet addresses, cryptographic hashes and website URLs. As decentralized applications, wallets, exchanges and marketplaces progressively enactment NFT usernames, whether from ENS oregon from competitors similar Unstoppable Domains, Web3 users are embracing the worth that tin beryllium tied to a integer identity.

Holders who person scooped up ENS names from 0-9999 person formed an exclusive Discord transmission called the 10kClub. At the clip of writing, astir 4,000 ENS holders had joined this societal club. Members adjacent created a refrain that was continuously posted passim the Discord chat stating, "I AM MY NUMBERS AND MY NUMBERS ARE ME." According to the 10kClub Twitter page, determination is nary roadmap. 

Consequentially, the app.ens.domains website has been crashing this past week and starring users to a 404 error page due to the fact that the website couldn't beryllium recovered connected the server. On April 29, the ENS squad tweeted aggregate times that they are moving to resoluteness the issue.

Looks similar our big is inactive struggling. Please usage our IPFS links successful the mean clip whilst we benignant retired a amended solution.https://t.co/5MtOsePsJDhttps://t.co/6XDCXtYojy https://t.co/Xvgs8bdhiq

— ens.eth (@ensdomains) April 29, 2022

Related: The conception and aboriginal of decentralized Web3 domain names

Not conscionable individuals but besides large brands and corporations person precocious registered their names with Ethereum Name Service, specified arsenic Puma and Budweiser.