Ethereum Name Service saw 2.2M ENS names registered in 2022

Ethereum Name Service (ENS), a distributed domain sanction work based connected the Ethereum blockchain, announced that it saw implicit 2.2 cardinal caller registrations successful 2022.

The work celebrated its astir palmy twelvemonth yet arsenic it became the astir wide integrated blockchain naming modular connected the market.

The 2.2 cardinal caller ENS names registered successful 2022 besides correspond astir 80% of each of the domains ever created. Data from Dune Analytics showed that the fastest registration complaint was recorded successful September 2022, with implicit 400,000 caller names registered. As the twelvemonth came to an end, the registration gait slowed down and December closed with lone astir 50,000 caller names added.

Chart showing the fig of monthly registrations for ENS names successful 2022 (Source: Twitter)

This brings the full fig of ENS names created truthful acold to 2.8 cardinal according to Dune Analytics. Data from the level itself puts this fig astatine astir 2.76 million.

The 2.8 cardinal names beryllium to astir 600,000 unsocial participants successful the ENS naming service, showing that owning aggregate names has go a modular successful the community.

The accelerated registration complaint recorded successful September could person been a effect of Coinbase’s ENS integration. The speech enabled users to alteration their wallet usernames to an ENS subdomain of Coinbase IDs successful precocious August. Coinbase said that the ENS code tin beryllium utilized to send, receive, and commercialized coins and that it volition beryllium disposable some to regular and pro users.

At the time, the platform’s autochthonal token ENS besides reached its all-time precocious of $20.05. The token dropped importantly since its September peak, bottoming during the FTX collapse, and has present consolidated astatine astir $11.10.

Graph showing the terms of ENS from July 2022 to December 2022 (Source: CryptoSlate)

Almost a twelvemonth ago, ENS announced that it was moving connected adopting Ethereum Layer-2 support. At the extremity of January 2022, the work had the archetypal mentation of its off-chain solution implemented and was acceptable to beryllium tested by developers. While it’s inactive unclear erstwhile Layer-2 enactment volition beryllium launched, the implementation could effect successful a caller question of sanction registrations for ENS.

The station Ethereum Name Service saw 2.2M ENS names registered successful 2022 appeared archetypal connected CryptoSlate.