ENS registrations rise to more than 2.2M thanks to crypto exchange adoption
The 2022 year ended with the Ethereum Name Service having registered over 2.2 million ENS domains. This was partly due to integrations with industry participants and exchanges. News Ho-hoo! Limited Holiday Trait Dune Analytics data shows that ENS currently has 2.82 million domains registered, with 630.340 owners of ENS domains. Everyone, Happy New Year! 2022 was a great year for ENS! 2022 was an incredible year for ENS!
Cointelegraph spoke with Nick Johnson, founder of ENS. The service allows users to map human-readable domain names like “nick.eth” and machine-readable information such as URLs and cryptocurrency addresses. It works across all decentralized platforms and applications. ENS domains are used as ETH wallet addresses and cryptographic hashes, or website URLs. They are effectively nonfungible tokens. Related: A poll by Nick Johnson, co-founder of Ethereum shows that people want $100 lifetime.eth domains. Coinbase was one of the first major exchange operators to partner with the service. Coinbase announced the integration with ENS in September 2022. This allows users to replace traditional Coinbase cryptocurrency wallet addresses by language-based usernames. Coinbase Wallet’s browser extension allows users to claim usernames “name.cb.id”. The utility of ‘human-readable names’ in making Web3 more usable was the driving force behind Coinbase’s adoption for the ENS service. There were 437,000 ENS domains registered last September. Data suggests that new sign-ups for the exchange’s ENS integration had a significant impact on 2022. May 2022 was also a record month for ENS. Low gas fees on Ethereum played a part in a surge in.eth domain registrations.