Ethereum Name Service (ENS) saw lifetime record domain registrations in 2022 amid a broader market frenzy that saw some traders treating the domains as investments.
ENS is a decentralized domain name protocol that runs atop the Ethereum network. It provides users with an easily readable name such as “abc.eth” instead of a complex, long-form alphanumeric address for their crypto wallets, similar to the way the Domain Name System substitutes memorable names such as "coindesk.com" for websites' numeric Internet Protocol addresses.
Data from Dune Analytics show over 630,000 unique wallets created 2.82 million domain names, with 459,000 of those classified as “primary names.” Primary names are ENS addresses that resolve to a user’s crypto wallet and can be used as a proxy to search for information on blockchain explorers, such as Etherscan.
September saw the most ENS registrations at over 430,000 unique domains while December recorded the lowest at just 52,000 domains, the data shows. The month of May, however, saw the most new users at over 64,000.
Some ENS buyers treat the names as investments, purchasing popular and common names and selling them for a profit, research firm Delphi Digital said in a July note last year. At the time, “000.eth” was sold for a record 300 ether, fueling interest in three-digit ENS names as “traders tried to capitalize on the hype,” as per Delphi analysts.
Google integrates Ethereum Name Service (ENS) domains into search results, simplifying access to Ethereum wallet balances. Signifies a major step in crypto normalization, fostering accessibility and trust in digital assets.
Xu LinThere are two paths for blockchain projects to create on-chain namespaces: 1. Use ENS subdomain names, 2. Use your own native namespace protocol.
JinseFinanceENS domains have risen sharply over the last six months, with new registrations hitting 437,000 in September.
BeincryptoENS is leading the NFT market in terms of seven-day volume. It is trading inside a symmetrical triangle.
BeincryptoAs the Ethereum Name Service edges closer to 2 million domain registrations, its founder reflects on the parallels with the internet’s Domain Name Service.
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CointelegraphENS domain registrations went from 11,042 to 29,727, as the domain “000.eth” was bought for 300 ETH.
CointelegraphThe latest indicators of new registrations and renewals of existing domain names on ENS show that interest in digital identity services has broken previous records.
CointelegraphThe latest metrics on new registrations and renewals of existing domains on ENS show that interest in the digital identity service has shattered previous records.
Cointelegraph
