- ENS achieved another milestone in the interval of three months.
- Ethereum Name Service registration crossed 2.3 million registrations.
The expansion of the Internet made remarkable changes in users’ lives. It brought the world to their fingertips after the huge advancement rush of registering the domain’s nascent networks. Ecommerce giants like Amazon and others were born on the Internet, but other businesses registered their domains.
As per data from Dune Analytics, around 525k addresses have participated. The graphics and data indicate that there were 67,095 ENS registrations in February, although the growth rate attained growth and reached 85,272 in the current month.
Names of Domains remain an essential part of the Internet, functioning as the flagpole of the biggest brands, companies, institutions and individuals. But the beginning of Blockchain technology and Web3 has directed a paradigm for domain name hosting.
According to official data, a total figure of 2.38 million is achieved by the Ethereum Name Service domain registration protocol.
Earlier on 9th August 2022, TheCoinRepublic reported the skyrocketed growth of Ethereum Name Service (ENS), and at that time, total domain name registration was around 1.8 million.
Nick Johnson, the founder and lead developer, expressed a symbol of joy and retweeted about this great achievement.
“It took 5 years to reach 1,000,000 names then only 3.5 months to reach 2,000,000!”
It is believed that the Ethereum Merge could play a significant role in making ENS(Ethereum Name Service) more popular and decreasing the gas fees, ultimately resulting in a hike in domain registration.
And from the last few years, it has become a trend to hold .eth domain names and mostly rich personalities or popular artists, leaders and many others.
Cars(Dot)com is known for holding the most expensive domain name ever sold, whose website was valued at around $872 million during its high-profile sales in 2015.
The second most expensive domain in history is CarInsurance(Dot)com, valued at $50 million. The list continues, and the prices of other domains differ according to their works. And other Expensively sold domains are internet(Dot)com, sex(Dot)com, beer(Dot)com, and hotels(Dot)com are among the most lucrative DNS addresses sold till now.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2022/09/14/ensethereum-name-service-domain-names-have-overtaken-2-3-million-registration/