The Ethereum Name Service recorded 2.2 million registered domains in 2022 despite unfavorable market conditions for cryptocurrencies.
ENS has around 2.82 million names registered as of Jan. 2, with 630,340 domain owners. Data from Dune Analytics shows that ENS has around 2.82 million names registered as of Jan. 2.
in an exclusive interview with founder Nick Johnson, ENS lets users map human-readable names like “nick.eth” to machine-readable information like cryptocurrency addresses.
With ENS, users can create decentralized profiles that can be used across decentralized applications and platforms. ENS domains can be used for Ethereum wallet addresses, cryptographic hashes, or website URLs.
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The growing popularity of the service saw a number of partnerships with major exchange operators like Coinbase come to the fore. ENS was integrated into Coinbase’s cryptocurrency wallet in September 2022, allowing users to replace their traditional Coinbase cryptocurrency wallet addresses with language-based usernames.
Coinbase’s integration of the ENS service allows users to claim “name.cb.id” usernames using the Coinbase Wallet extension even though default ENS domains end with .eth. The utility of human-readable names in making Web3 more user-friendly drove Coinbase’s adoption of the ENS service.
There were 437,000 ENS domains registered in September 2022, the largest number in 2022. The data indicates that the exchange’s integration of ENS significantly impacted new signups in 2022. There was also a surge in .eth domain registrations in May 2022 due to low gas fees on the Ethereum network.