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Record-high surge in Ethereum Name Service domains triggers 90% rally in ENS -Breaking

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Record-breaking surge in Ethereum Name Service domains leads to 90% rally at ENS

A small number of tech workers and industries are switching from Web2 to Web3; this shift has led to increased awareness and use of blockchain technology.

Name Service (ENS), one of the projects that aims to make Web3 more accessible, makes it simpler for DApp users in interacting with Ethereum. It is possible to create human-readable Ethereum address that can be converted to machine-readable alphanumeric cods.

ENS/USDT 1-day chart. Source: TradingView
Register daily for ENS Source: Dune Analytics
Domain registrations per month. Source: Dune Analytics
Monthly renewal/registration revenue for ENS. Source: Dune Analytics