Ethereum Name Service (ENS) Domains Exceed 2 Million After Record-Breaking July

Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly.

The not-for-profit naming system is powered by the Ethereum blockchain, where ENS domain names are secured with the help of smart contracts. Additionally. these domain names are also non-fungible tokens and can be sold on NFT marketplaces, including OpenSea. According to data from Dune Analytics, over 525,000 addresses had participated. The charts indicated 67,095 ENS registrations in February, but the figures spiked to 85,272 the following month.#web3grandpappa

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