With only a few days left for the Ethereum Merge, the focus of the market is again on Ethereum and its derivatives. While users are in the race to discover a new area and what is not before Merge, interest in some Ethereum products is shifting due to the Ethereum Merge effect.
Ethereum Name Service (ENS) announced that it had the 3rd highest profit month in August, as it is an area seen as a long-term investment by users.
ENS Domain Sales Increase
Ethereum, like many blockchain networks, has long and complex addresses. The Ethereum Name Service (ENS) service, which makes it easier by shortening this 32-character password in this area, is seen as an attractive investment by users.
In this context, users seek to sell famous names or brands as ENS and sell them at higher prices in the future. ENS, which was the center of attention before the Ethereum Merge, shared the user exchange table on Twitter.
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
ENS Domains announced that it earned 2,744 Ethereum, or approximately $4.3 million in revenue in August, in the data it shared. It was also announced that new 34 thousand Ethereum accounts were created using at least one ENS address in the data. In addition to these, the company also said that its sales volume on OpenSea is more than 99 percent.
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