Ethereum Name Service Recorded Over 2.8M Domain Registrations in 2022

Ethereum Name Service 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"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.

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

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.

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shauryamalwa It's amazing to see DeFi on the rise and more people realizing the huge potential for trustless transactions. The ENS record domain registrations is a great example of how the crypto ecosystem can expand!

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Ethereum transactions 338% higher in 2022 but Bitcoin remains most popularWhile Ethereum transactions and activity far outpaced Bitcoin in 2022, BTC kept its top spot as the most searched cryptocurrency on Google, globally. Average daily transactions on the Stellar network is approximately 4 million, which is 4 x more than ETH. Stellar network transaction volume makes ETH and BTC look small…Keep on writing articles about the “big boys”… DenelleDixon jricetweets JedMcCaleb samconnerone Wait for PiNetwotk $pi u will see And hedera has done more transactions than both eth and BTC have done in their lifetime.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Crypto exchange adoption boosts ENS registrations over 2.2MEthereum Name Service recorded 2.2 domain registrations in 2022, with Coinbase's integration of the service having a notable impact on new users last year. BBasicsNFT We launched one NFTCollection about ENS, who is live, seize them all ! This is the first, 3 days lefts, it will allow you to pre mint the futures 6529Collections derivatives of SeizeTheMemesOfProduction collection ! And some gifts 🎁
Source: Cointelegraph - 🏆 562. / 51 Read more »