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.
June 2022 stats for ENS
— 378K new .eth registrations (total 1.86m names)
— $6.8m in protocol revenue (all goes to the DAO)
— 5,400 ETH in revenue (highest ever month)
— 48K new eth accounts w/ at least 1 ENS name (total 508k)
— >99% of OpenSea domain vol pic.twitter.com/TdD16FOX2d— ens.eth (@ensdomains) August 1, 2022
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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