As the Ethereum Merge draws ever closer, Ethereum Name Service domain names have surpassed Bored Ape Yacht Club as the most traded NFT collection on OpenSea's seven-day charts.
Ethereum Name Service domain names have surpassed Bored Ape Yacht Club as the most traded asset on NFT marketplace OpenSea over the last seven days — seemingly ahead of the Ethereum Merge.2,249 ETH at the time of writing, beating out RTFKT Clone X and Bored Ape Yacht Club .
ENS domains are a distributed, open and expandable naming system on the Ethereum blockchain that allows users to turn a long string of keys for a crypto address into a single ENS domain such as “vitalik.eth.” This simplifies the complexity of copying and pasting a lengthy wallet address to send and receive crypto, as users only need to share their domain name like any other ordinary address.The recent spike in ENS trading volume has seen the average price of ENS items increase 167% to 0.3895 ETH , while daily volume has risen from 120.7 ETH to 1044.6 ETH.
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