Ethereum Name Service (ENS) ended in 2022 with over 2.2 million registrations
Ethereum Name Service (ENS) ended in 2022 with over 2.2 million registrations
Ethereum Name Service (ENS) recorded over 2.2 million domain names in 2022 despite the devastating turbulence on the cryptom market. This also made up almost 80 % of all domains that have been created since it was founded.
Data from Dune Analytics showed that the domestame service based on Ethereum registered more than 2.82 million names on January 2.
purchases from ENS-Dominame are made with ether tokens. With the significant drop in prices of the crypto asset in the course of the year, the costs for gas fees for transactions in the network also dropped, which in certain phases of the year to increase the number of registrations of .eth-doman names as a user managed the lower fees.
Ens trend in 2022
The numbers of the Ethereum Name Service showed a constant upward trend in the first five months of the year. The first prominent maximum in relation to registrations of .eth-domains was formed in May. However, the crash of Terrausd (VAT) and the subsequent fear of contagion recorded the market, which fell with a decline.
The recovery was quick. July broke the earlier record. Shortly afterwards he recorded a monthly high of 437,365 in September. The merger could have played a crucial role in increased activity.
On the other hand, ENS completed the year at its lowest level, with December the month was the worst performance. A little more than 52,000 names were created. Meanwhile, the number of monthly registrations has dropped by 88 % only two months earlier.One of the most important impulses came from Coinbase, who used the EnS service to enable users to claim "name.cb.id" users' names with the browser expansion of Coinbase Wallet. The idea was to facilitate the creation of a free Web3 identity for everyone.
lawsuit against Godaddy
Another success was the recovery of control over the domain name ETH.LINK. The ENS achieved a victory against the domain. September before the US district court for the district of Arizona.
True Names Ltd., the company behind Ens, sued Godaddy because it allegedly transferred the ENS ENS ENS to the Domainname Registrar Dynadot before its expiry date. According to the complaint, Ens Godaddy accused of violating the contract and claimed that the latter's action violated the agreement to "respect, recognize and protect" the name ETH.LINK.
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