Ethereum Name Service Recorded Over 2.8M Domain Registrations in 2022
The figure represents 80% of all registrations since the service launched.
Ethereum Name Service (ENS) saw a lifetime record number of domain registrations in 2022 amid a broader market frenzy in which some traders treated 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 shows that more than 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. The 2.82 million figure represents over 80% of all registrations since the service started in 2017.
September saw the most ENS registrations at more than 430,000 unique domains, and December recorded the lowest at just 52,000 domains, the data shows. The month of May, however, saw the most new users at more than 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. At the time, “000.eth” was sold for a record 300 ether (ETH), fueling interest in three-digit ENS names as “traders tried to capitalize on the hype,” according to Delphi analysts.
https://www.coindesk.com/markets/2023/01/04/ethereum-name-service-recorded-over-28m-domain-registrations-in-2022/
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #ethereum #ethereumnews #ethereumnewstoday #defi #definews #definewstoday #ethereumnameservice #ethereumnameservicenews #ethereumnameservicenewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
Comments are closed.