Alt-root .eth is getting very big, very fast
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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