Ethereum Name Service (ENS) Wrapped 2022 With Over 2.2M Registrations

Ethereum Name Service (ENS) clocked in over 2.2 million domain names in 2022 despite the devastating turmoil in the crypto market. This also represented nearly 80% of all of the domains created since its inception.

Data from Dune Analytics revealed that the Ethereum-based distributed domain name service registered more than 2.82 million names as of January 2nd.

ENS domain name purchases are made with Ether tokens. With the fall in the price of the crypto-asset significantly over the year, the cost of gas fees for transactions on the network also plummeted, which at certain stages throughout the year prompted an appreciation in the number of .eth domain name registrations as users capitalized the lower fees.