Last year, users registered more than 2.2 million addresses in the Ethereum Name System (ENS) domain system. About it reported representatives of the ENS registrar on the official Twitter account (the social network is banned in Russia). According to site ENS Domains, the number of owners of addresses in the .eth zone exceeds 594 thousand.
Happy New Year everyone! 🎉
2022 was an incredible year for ENS! 🚀
Over 2.2m ENS names were registered in 2022 (that’s 80% of ALL names created) 🤯
If you’re ready for 2023, drop your ENS below ✨
— ens.eth (@ensdomains) January 1, 2023
Ethereum ecosystem co-founder Vitalik Buterin interview WIRED named ENS domains as the most successful application of non-fungible token (NFT) technology.
An ENS domain is technically an NFT on a particular wallet. To make a transfer to this wallet, you can specify not its address in the usual format, but replace it with a conveniently readable address, such as “vitalik.eth”. This wallet address can also be used for authorization in decentralized applications (dApps) and searches in blockchain explorers such as Etherscan.
Domains in the form of NFTs can be traded on leading marketplaces such as Looks Rare or OpenSea. However, ENS.Vision, specialized in ENS domains, became the largest platform in terms of trading volumes. According to the platform, the most expensive addresses were “333.eth” and “metaverse.eth”, sold for 100 and 99 ETH respectively.
Domains are becoming a form of identification in the crypto community, which is fueling the demand for short and easily recognizable addresses. Minimum price (floor price) for domains in the category 999 Clubthat is, a three-digit address, consisting of numbers, is at around 20.22 ETH (more than $46,000 at the exchange rate on January 2).
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