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Ethereum Name Service Metrics Hit Record Highs

In July, the number of registrations in the Ethereum Name Service (ENS) domain name system increased by 378 thousand, to 1.87 million. Other metrics of the service also showed a record increase.

Behind the development of the project, ENS Domains received an income of 5400 ETH (~$8.8 million). Sales volume almost doubled compared to June.

The number of owners of at least one ENS domain has exceeded 48,000.

User activity intensifies as the migration to the Proof-of-Stake consensus algorithm approaches as part of The Merge update (expected September 19).

Corey Whittaker, CEO of True Names Limited behind ENS Domains, told Decrypt that the uptick in activity was also due to the strengthening of the ecosystem. Members create communities and share information about ENS use cases, he says.

Among other factors, the specialist mentioned a decrease in gas prices and an increase in the popularity of the service among non-English-speaking users, primarily those who speak Spanish and Arabic.

Recall that in July, developers introduced wrapped ENS domains with extended functionality.

Earlier, British actor Anthony Hopkins changed his Twitter username to his own domain in ENS.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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