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Alt-root .eth is getting very big, very fast
Kevin Murphy,
September 2, 2022, 15:01:31 (UTC),
Domain Registries
If .eth was a real domain, it would be the second-largest new gTLD and have more registrations than ccTLDs from nations as large as Spain and Japan, according to the blockchain-based registry.
Ethereum-based alt-root registry ENS Domains today tweeted that it added 301,000 new .eth domains in August, to end the month with a total of 2.17 million names. It said it now has 540,000 registrants.
August 2022 stats for ENS
– 301K new .eth registrations (total 2.17m names)
– $4.7m in protocol revenue (all goes to the @ENS_DAO)
– 2,744 ETH in revenue (3rd highest month)
– 34K new eth accounts w/ at least 1 ENS name (total 540k)
– >99% of OpenSea domain vol pic.twitter.com/utU8i4cBMT— ens.eth (@ensdomains) September 1, 2022
For context, that’s about 10% of what .com does in a month, and about 75% of monthly registration volume for .xyz, the largest new gTLD.
The total of 2.17 million domains would make .eth bigger than .online, the current second-largest new gTLD, and would put it in the top 10 ccTLDs (of those tracked by DI).
Not bad for a niche product that won’t resolve in most browsers and is chiefly useful for addressing cryptocurrency wallets.
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> Not bad for a niche product that won’t resolve in most browsers and is chiefly useful for addressing cryptocurrency wallets.
👌🏾
Not just for wallet addresses. Of all the blockchain tlds, .eth is by far the most likely to succeed. It’s also backwards compatible with DNS so in a world where web3 apps play a bigger role than our current version of internet, ENS will have no problem replacing the current system
…a single TLD will replace all of DNS? Nonsensical.
.eth is most likely to succeed on Ethereum. Ethereum is not and will not be ALL blockchains.