Ethereum Name Service, or ENS, .eth domains ranging from 0000 to 9999 have recently been causing a stir among nonfungible token (NFT) investors, speculators and enthusiasts alike. Even though three- and four-digit names have been around for years, the number of people registering for ENS domains and purchasing these digit number names on secondary markets over the past week has significantly affected the market’s trading volume.
According to a Dune Analytics dashboard for ENS, the spike in sales began on April 21, and the number of eth. name registrations have since jumped from 2,721 to 21,188 by Thursday. Over the last seven-day period, ENS domains’ trading volume on OpenSea climbed by 3,333% to 2,613 Ether (ETH), or $7.3 million at the time of writing. The last 48 hours have seen the most ENS NFT trading in the secondary market, with the most expensive domain so far, “555.eth,” selling for 55.5 ETH, or $156,821.91 on Thursday.