Adoption of Crypto Exchange Boosts ENS Listings to Over 2.2 Million

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2022 proved to be a successful year for Ethereum Name Service, with the platform registering 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space.

According to the service, more than 80% of the total ENS domains created since the launch of the projects were registered in 2022. Data from Dune Analytics shows that ENS has approximately 2.82 million registered names as of January 2, with 630,340 owners of ENS domains.

Happy New Year everyone !

2022 has been an incredible year for ENS!

Over 2.2 million ENS names were registered in 2022 (80% of ALL names created)

If you are ready for 2023, submit your ENS below

ens.eth (@ensdomains) January 1, 2023

As Cointelegraph previously explored in an exclusive interview with founder Nick Johnson, ENS allows users to map human-readable names like nick.eth to machine-readable information like cryptocurrency addresses and URLs. .

The service has been driven by users adopting ENS names for decentralized profiles that run on decentralized apps and platforms. ENS domains serve as Ethereum wallet addresses, cryptographic hashes or website URLs and are actually non-fungible tokens (NFTs).

Related:Ethereum Co-Founders Survey Shows People Want $100 Lifetime .eth Domains

The growing popularity of the service has seen a number of partnerships with major exchange operators like Coinbase appear. The US exchange announced ENS integration in September 2022, giving users the ability to replace traditional Coinbase cryptocurrency wallet addresses with language-based usernames.

While default ENS domains end in .eth, the service’s Coinbases integration allows users to claim name.cb.id usernames using the Coinbase Wallet browser extension. more friendly.

The data shows that September saw the highest number of ENS registrations created in 2022, with 437,000 domains registered. Data suggests that the integration of ENS exchanges had a significant impact on new signups in 2022. May 2022 was also an exceptional month for the service, with low gas fees on the Ethereum network playing a role in an increase .eth domain registrations.

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