Registration for Ethereum Name Service Hits Record High This Month

Demand for the Ethereum Name Service is currently standing at record highs, thanks to new registrations, renewals, and lower gas fees. Lead developer Nick Johnson tweeted that new registrations for Ethereum domain names are set to break record highs by the end of the month. May is now an All Time High for every single ENS metric we track – registrations, renewals, revenue (ETH & USD) and income (ETH & USD). And there's still a week of May left. 🤯 pic.twitter.com/u0tTcVPr3f — nick.eth (@nicksdjohnson) May 22, 2022 Johnson also said that the primary factor causing an increased demand for ENS domains was a platform where people could meet and create a shared community that does not have an “overarching structure” created for them. This has created notable benefits for the domain service. “May is now an All-Time High for every single ENS metric we track – registrations, renewals, revenue (ETH & USD), and income (ETH & USD). And there’s still a week of May left,” he said. “ENS has reached a critical mass of awareness and adoption. Most wallets support ENS names, so the usability factor is significant,” he added. This not only concerns the number of new registrations, but also the number of subscription renewals and the turnover in ETH and USD. And May hasn’t ended yet, so the final numbers will be even higher. Ethereum Name Service was created in 2017 that enables people to allocate a digital identity to their Ethereum wallet. Eve...