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Ethereum Domain Name Service (ENS): Over 500k Primary Domain Names

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On March 24th, according to the latest data from Dune Analytics, the number of primary domain names in the Ethereum Domain Name Service (ENS) has exceeded 500000, reaching 500880 a

Ethereum Domain Name Service (ENS): Over 500k Primary Domain Names

On March 24th, according to the latest data from Dune Analytics, the number of primary domain names in the Ethereum Domain Name Service (ENS) has exceeded 500000, reaching 500880 at the time of writing. Currently, the total number of active ENS domain names is 2769381, and the number of participating addresses is 671665. The Primary Name allows the user’s Ethereum address to point to an ENS domain name, helping users find and display the ENS domain name when connecting to DApp using their Ethereum account. This domain name must be set by the user himself and will not be automatically generated during registration. According to NFTgo data, the total trading volume of ENS has reached 214.61 million US dollars, with a market value of approximately 100.32 million US dollars.

The number of ENS main domain names has exceeded 500000

Introduction

On March 24th, according to the latest data from Dune Analytics, the number of primary domain names in the Ethereum Domain Name Service (ENS) has exceeded 500,000. This article will explore what ENS is and how it works, and discuss the recent milestone of over 500,000 primary domain names.

What is ENS?

The Ethereum Domain Name Service (ENS) is a decentralized naming system built on the Ethereum blockchain. It allows users to register human-readable domain names for their Ethereum addresses, instead of the traditional 42-character hexadecimal string. These domain names can be used to receive payments, interact with smart contracts, and access decentralized applications (DApps), among other things.

How does ENS work?

When a user registers a domain name on ENS, they associate it with their Ethereum address. This association is stored on the blockchain and can be resolved by anyone using the ENS system. When someone wants to interact with the user’s Ethereum address, they can use the domain name instead of the long hexadecimal string. The ENS system then translates the domain name into the associated Ethereum address and sends the transaction to that address.

Primary Domain Names

The primary domain name is the first ENS domain name that a user creates for their Ethereum address. It allows the user to point their Ethereum address to an ENS domain name, making it easier for others to find and display the domain name when connecting to DApps using their Ethereum account. The primary domain name must be set by the user themselves and will not be automatically generated during registration.

Over 500k Primary Domain Names

According to the latest data from Dune Analytics, the number of primary domain names in the Ethereum Domain Name Service (ENS) has now exceeded 500,000, reaching 500,880 at the time of writing. This is a significant milestone for ENS and demonstrates the growing adoption of decentralized naming systems.

Total Active ENS Domain Names

In addition to the primary domain names, the total number of active ENS domain names is currently 2,769,381, with the number of participating addresses at 671,665. This shows that ENS is becoming an increasingly popular way for users to simplify their Ethereum addresses and interact with the decentralized ecosystem.

Trading Volume and Market Value

According to NFTgo data, the total trading volume of ENS has reached $214.61 million, with a market value of approximately $100.32 million. This highlights the value that users place on having a human-readable domain name for their Ethereum address.

Conclusion

The Ethereum Domain Name Service (ENS) is a decentralized naming system that allows users to register human-readable domain names for their Ethereum addresses. The recent milestone of over 500,000 primary domain names demonstrates the growing adoption of this system, as well as the increasing interest in decentralized naming systems in general. ENS is becoming an increasingly popular way for users to simplify their Ethereum addresses and interact with the decentralized ecosystem.

FAQs

1. Can I change my primary ENS domain name?
Yes, you can change your primary ENS domain name at any time by registering a new domain name and associating it with your Ethereum address.
2. How much does it cost to register an ENS domain name?
The cost of registering an ENS domain name varies depending on the length and popularity of the name, as well as current demand. At the time of writing, the average cost of registering a domain name is around 0.05 ETH.
3. Can I use my ENS domain name for anything other than interacting with DApps?
Yes, you can use your ENS domain name for a variety of purposes, such as receiving payments, signing messages, and participating in governance protocols.

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