ENS Token Jumps 50% as Ethereum Co-Founder Buterin Hails Ethereum Name Service as ‘Super Important’

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Ethereum Name Service is a platform that lets users buy a domain name on the Ethereum blockchain. These domains can then be used to transfer and receive funds, replacing the alphanumeric wallet address. There are currently 2.1 million registered ENS domains, with 800,000 unique participants, according to Dune Analytics.

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