Ethereum Name Service registrations spike more than 200% in one week - PingWest
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Ethereum Name Service registrations spike more than 200% in one week
Ethereum Name Service registrations spike more than 200% in one week
10 hours ago
The Ethereum Name Service (ENS) saw registrations spike over the weekend, with registration totaled 126,141 registrations in just one week.
According to data traced by The ENS Dashboard, registrations went from 11,042 to 29,727, increasing over 200% during the weekend.
Because of the surging increase, ENS raked in $684,000 on Sunday. The mania came shortly after 000.eth sold for 300 Ether, which was equivalent to around $320,000 at the time of sale, making it the second largest. eth domain sale.
Key word research with regard to ENS has also reached new highs. According to crypto social tracking platform Lunar Crush, engagements with the keyword increased by 108.4% within seven days.
The surge in demand for ENS domains also happened as Ethereum's average gas fees fell to $1.57, a number that has not been seen since 2020.
The spike in demand also come amid Ethereum's average gas fees fell to $1.57, a new low since 2020.
The ENS manages the issuance and renewal of .eth domain names, which are built on Ethereum, sold as NFTs, and can be linked to one’s cryptocurrency wallet.
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