{"id":31663,"date":"2022-07-06T11:19:46","date_gmt":"2022-07-06T15:19:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=31663"},"modified":"2022-07-06T11:19:51","modified_gmt":"2022-07-06T15:19:51","slug":"ethereum-name-service-ens-domain-registrations-surge-by-over-200","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-name-service-ens-domain-registrations-surge-by-over-200\/","title":{"rendered":"Ethereum Name Service (ENS) domain registrations surge by over 200%"},"content":{"rendered":"\n
Following a reduction in gas fees, the number of registrations through the Ethereum Name Service (ENS) reached 126,141 in just one week, indicating a rise in interest in Ethereum domains<\/a>.<\/h5>\n\n\n\n
\"Ethereum
Ethereum Name Service (ENS) domain registrations surge by over 200% <\/figcaption><\/figure>\n\n\n\n

Over the weekend, registrations increased by more than 200 percent, going from 11,042 to 29,727, according to Nick Johnson's data tracker, the ENS Dashboard. This occurred when “000.eth,” which was purchased on Sunday for 300 Ether (ETH), or about $320,000 at the time of the sale, was the second-largest.eth domain transaction.<\/p>\n\n\n\n

When the acquisition was finalized, ENS's daily revenue increased as a result of the purchase to $684,174. After then, the number of.eth domain registrations \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>surged at 34,357 on Monday as the sale's buzz reached a fever pitch. Due to this, ENS climbed to the top of the Dapp Radar information tracker's 7-day nonfungible token (NFT) collection sales ranking.<\/p>\n\n\n\n

The amount of ENS-related social media activity has also increased significantly. In just seven days, engagements with the phrase surged by 108.4%, according to cryptocurrency social tracking tool Lunar Crush.<\/p>\n\n\n\n

\n

\ud83d\udcc8 We are noticing soaring Ethereum Name Service social activity. ENS social contributors are up 294.1% this week!

\ud83d\udcca #EthereumNameService<\/use><\/svg><\/span><\/a> insights from LunarCrush in thread below \u2935<\/p>— LunarCrush Social Analytics (@LunarCrush) July 6, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Additionally, as Ethereum's average gas fees dropped to $1.57, a level last seen in 2020, the demand for ENS domains surged.<\/p>\n\n\n\n

The Gray Glacier hard fork, which postpones Ethereum's impending difficulty bomb, became live on July 1st. Tim Beiko of the Ethereum Foundation claims that the fork was successful and that all nodes <\/a>were in agreement.<\/p>\n\n\n\n

After that, a merging trial will be conducted on the Sepolia testnet in the upcoming days as the Ethereum network gets ready to switch to a proof-of-stake consensus.<\/p>\n\n\n\n

Ether's price dropped by 5% on the day of the fork, bringing 1 ETH to $1,044. This comes after a four-day losing streak for the asset, during which time financial instruments focusing on ether saw withdrawals <\/a>of roughly $140 million in June.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a reduction in gas fees, the number of registrations through the Ethereum Name Service (ENS) reached 126,141 in just one week, indicating a rise in interest in Ethereum domains. Over the weekend, registrations increased by more than 200 percent, going from 11,042 to 29,727, according to Nick Johnson’s data tracker, the ENS Dashboard. This […]<\/p>\n","protected":false},"author":12,"featured_media":31671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-31663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/07\/image-11.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/31663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=31663"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/31663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/31671"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=31663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=31663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=31663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}