August 10, 2022

Ethereum (ETH)’s decentralized naming system, Ethereum Name Service (ENS), has just launched its highly-anticipated governance token via an airdrop that can be claimed by existing ENS users.

At 14:09 UTC, the ENS token traded at USD 46, up a whopping 156% in less than a day, with the majority of trading taking place on the decentralized exchange Uniswap (UNI), according to CoinGecko.

Judging from the same source, USD 369m worth of ENS tokens have changed hands on the market since the token entered circulation.

Source: CoinGecko

“30k addresses have already claimed their airdrop amounting to 25% of the total ENS mass available to claim,” Elias Simos, a protocol specialist at crypto exchange Coinbase, wrote on Twitter today. He added that the market value of the tokens that have been claimed so far has exceeded USD 230m.


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