Web3 decentralized domains service provider – Ethereum Name Service (ENS) – raked in $235,000 in fees on August 13.
ENS, a mainstay in the Web3 realm, allows individuals to generate easily understandable domain names and wallet addresses for cryptocurrencies.
- ENS DAO holds over $132.4 million in assets, including 10 million ENS, 15,000 ETH, and 14.13 million in USDC stablecoin.
- Total active ENS names have exceeded 2.6 million across nearly 740,000 unique addresses.
- ENS announced plans to tap layer-2 to enhance scalability and cut costs.
- ENS launched a fiat on-ramp for domain registrations via MoonPay.
- Unstoppable Domains extended support to “.eth” domains, engaging with a fresh audience.
Hot Take:
ENS continues to dominate the decentralized domains space, with a significant increase in fees and a growing user base. The integration of layer-2 solutions and the introduction of a fiat payment gateway further enhance the accessibility and usability of ENS. While Unstoppable Domains seeks to compete by offering support for “.eth” domains, ENS remains the go-to platform for Ethereum enthusiasts. The future of ENS looks promising as it continues to innovate and adapt to the evolving needs of the crypto community.
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