Record-high surge in Ethereum Name Service domains triggers 90% rally in ENS By Cointelegraph

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Record-high surge in Ethereum Name Service domains triggers 90% rally in ENS

A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading.

The Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for DApp users to interact with the Ethereum network. This is accomplished through the creation of human-readable Ethereum addresses that can be converted into the normal machine-readable alphanumeric codes.

ENS/USDT 1-day chart. Source: TradingView
Daily ENS registrations. Source: Dune Analytics
Monthly domain registrations. Source: Dune Analytics
Monthly registration/renewal revenue for ENS. Source: Dune Analytics