$ENS Hits $1 Billion Market Cap After Airdrop
The Ethereum Naming Service is a decentralized solution allowing users to register a unique domain name to replace long wallet addresses. This hugely simplifies the process of sending funds and minimizes the possibility of sending funds to the wrong address; an irreversible mistake which can happen to even the most experienced DeFi users.
ENS has been 5 years in the making and was founded by Nick Johnson. Those who owned an ENS domain on or before October 31st are now eligible to claim their $ENS airdrop; with the airdrop amount based on certain factors, including the address expiry date and whether users have set it as their Primary ENS.
There is a total supply of 100 Million $ENS tokens which will be distributed as follows:
- 25% airdrop to .ETH holders
- 25% to ENS contributors
- 50% to the DAO community treasury
- 137,689 addresses were eligible for the airdrop
- 54% of addresses have already claimed the token, even though the deadline is on May 24th 2022
- The average gas price on the airdrop claim is 166 Gwei
You can also take a look at Dune's very insightful thread on $ENS! It's an in-depth analysis which includes $ENS buy/sell pressure by @MSilb7, a Dumpooors dashboard by @mevcollector and other information as well.
Not sure what to do with your $ENS?
Sushi has you covered. A special farm has been prepared for all new $ENS holders to earn some $SUSHI.