The use of crypto exchanges drives ENS registrations to over 2.2M

Share This Post

Over 2.2 million ENS domains were registered by the end of 2022, thanks in part to interfaces with exchanges and industry participants.

Despite poor market conditions in the cryptocurrency field, 2022 proved to be a profitable year for Ethereum Name Service, with the platform generating 2.2 million registered domains.

crypto exchanges

According to the service, in 2022, more than 80% of all ENS domains created since the project’s commencement were registered. According to Dune Analytics, ENS has over 2.82 million names registered as of January 2, with 630,340 ENS domain owners.

As Cointelegraph previously reported in an exclusive interview with founder Nick Johnson, ENS enables users to map human-readable names such as “nick. eth” to machine-readable data such as bitcoin addresses and URLs.

The growing popularity of the service has spawned several partnerships with major exchanges such as Coinbase. The American Stock Exchange announced the merger of his ENS in September 2022. This will allow users to replace their traditional Coinbase cryptocurrency wallet address with a language-based username.

The typical ENS domain ends in.eth, however Coinbase’s service integration allows customers to utilise their Coinbase wallet browser extension to request a “name.” username. The use of human-readable names to make Web3 more user-friendly aided Coinbase’s acceptance of ENS services.

September had the most ENS registrations for him in 2022, with 437,000 domains registered, according to the data. According to the data, the ENS integration of the exchange had a substantial impact on new registrations in 2022. May 2022 was also a record month for the service, with to low gas prices on the Ethereum network, which aided in the increase in.eth domain registrations.


Related Posts


Explore the extraordinary journey of hip-hop sensation Rob Mally as he rises to stardom and extends his influence into the world of high-end lifestyle.

Rob Mally: Hip Hop’s Rising Star Embracing the High Life

Discover Rob Mally's incredible journey in the hip-hop scene as he embraces fame and success while crafting his unique music career.

The Double Life of TGEStephy: Canadian Athlete and Rising Rap Star

Explore the extraordinary journey of TGEStephy, a Canadian athlete on scholarship at the University of British Columbia, who is also making waves as a rising rap star.

Elevating Sound and Soul: Canadian Virtuoso L4birinto Unveils His Musical Odyssey in “Growing Pains”

Experience the musical journey of Canadian virtuoso L4birinto as he unveils his latest opus, 'Growing Pains.'

All In to Win: Brarstar’s Musical Bet That Paid Off

Discover the inspiring journey of Brarstar, a music artist who defied the norm by taking a daring musical and thematic risk with his debut song, "Put It All On Red."

Exploring the Finest SMM Panels Globally: YouTube, Instagram & Beyond

Explore the finest SMM panels worldwide for YouTube, Instagram, and more, elevating your social media presence with reliable and efficient SMM services.
- Advertisement -spot_img