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HomeCoinsEthereumEthereum Identify Service noticed 2.2M ENS names registered in 2022

Ethereum Identify Service noticed 2.2M ENS names registered in 2022

Ethereum Identify Service (ENS), a distributed area title service based mostly on the Ethereum blockchain, introduced that it noticed over 2.2 million new registrations in 2022.

The service celebrated its most profitable yr but because it turned essentially the most extensively built-in blockchain naming customary available on the market.

The two.2 million new ENS names registered in 2022 additionally characterize round 80% of the entire domains ever created. Information from Dune Analytics confirmed that the quickest registration price was recorded in September 2022, with over 400,000 new names registered. Because the yr got here to an finish, the registration tempo slowed down and December closed with solely round 50,000 new names added.

ens registration
Chart exhibiting the variety of month-to-month registrations for ENS names in 2022 (Supply: Twitter)

This brings the full variety of ENS names created to date to 2.8 million in keeping with Dune Analytics. Information from the platform itself places this quantity at round 2.76 million.

The two.8 million names belong to round 600,000 distinctive individuals within the ENS naming service, exhibiting that proudly owning a number of names has change into a regular locally.

The quick registration price recorded in September might have been a results of Coinbase’s ENS integration. The change enabled customers to vary their pockets usernames to an ENS subdomain of Coinbase IDs in late August. Coinbase mentioned that the ENS deal with can be utilized to ship, obtain, and commerce cash and that it will likely be obtainable each to common and professional customers.

On the time, the platform’s native token ENS additionally reached its all-time excessive of $20.05. The token dropped considerably since its September peak, bottoming in the course of the FTX collapse, and has now consolidated at round $11.10.

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Graph exhibiting the worth of ENS from July 2022 to December 2022 (Supply: CryptoSlate)

Virtually a yr in the past, ENS introduced that it was engaged on adopting Ethereum Layer-2 assist. On the finish of January 2022, the service had the primary model of its off-chain decision carried out and was able to be examined by builders. Whereas it’s nonetheless unclear when Layer-2 assist can be launched, the implementation might end in a brand new wave of title registrations for ENS.

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