Ethereum Name Service received 2.2 million registered domains in 2022

2022 is a productive year for Ethereum Name Solution, with the platform signing up 2.2 million domain names, as reported by Cointelegraph.

According to Cointelegraph, around 80% of the overall ENS domains established post the task’s creation were signed up in 2022. Insights from Dune Analytics showed that ENS gathered roughly 2.82 million names as of January 2, 2023, with 630,340 proprietors of ENS domains.

Based on details by Cointelegraph, the service has been backed by customers taking on ENS names for decentralised earnings, which work across decentralised applications and platforms. Supposedly, ENS domains function as Ethereum wallet addresses cryptographic hashes or internet site URLs and are non-fungible symbols (NFTs).

It is believed that the service experienced partnerships with exchange drivers such as Coinbase, which made the ENS assimilation news in September, 2022.

Through the utilisation of default domain names ending with. eth, Coinbase’s assimilation of the solution allows customers to assert “name.” usernames by making use of the Coinbase Purse web browser extension. For making Web 3.0 more user-friendly was among the variables behind backing Coinbase’s fostering of the ENS solution.

Furthermore, Cointelegraph noted that information for September 2022 highlighted the creation of 437,000 licensed domains. The information even suggested that the exchange’s ENS integration impacted brand-new sign-ups in 2022.

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