Ethereum Identify Service (ENS), a distributed area identify service primarily based 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 grew to become probably the most broadly built-in blockchain naming customary available on the market.
The two.2 million new ENS names registered in 2022 additionally characterize round 80% of all the domains ever created. Information from Dune Analytics confirmed that the quickest registration charge 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.
This brings the whole variety of ENS names created to this point to 2.8 million based on 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, displaying that proudly owning a number of names has grow to be a normal locally.
The quick registration charge recorded in September might have been a results of Coinbase’s ENS integration. The change enabled customers to alter their pockets usernames to an ENS subdomain of Coinbase IDs in late August. Coinbase stated that the ENS deal with can be utilized to ship, obtain, and commerce cash and that will probably be out there 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.
Graph displaying the worth of ENS from July 2022 to December 2022 (Supply: CryptoSlate)
Nearly 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 applied and was able to be examined by builders. Whereas it’s nonetheless unclear when Layer-2 assist will probably be launched, the implementation might lead to a brand new wave of identify registrations for ENS.
