ENS Address Registrations Hit New Highs In September

According to Dune Analytics, a crypto monitoring site, the number of newly-registered Ethereum Name Service (ENS) addresses in September hit a monthly all-time high of 427,325 at the time of writing, despite overall NFT trade volume decreasing 97% from January when sales peaked.

According to Dune Analytics statistics, a total of 2.598 million ENS addresses have been established as of Friday at 3 p.m. UTC.

Ethereum Name Service is a protocol that converts long address strings into readable phrases that finish in “.eth.” The name itself is an NFT that can be exchanged on platforms like as OpenSea.

In September, Ethereum Name Service eclipsed the famous Bored Ape NFT series and ranked top in trade volume on OpenSea.

Well-known brand names are in high demand. In September, “Toyota.eth” was sold for 20 ETH ($26,556), around the same price as a standard Toyota Camry.

As CoinCu reported, the spikes in sales brought the Ethereum Name Service domain to the top of the OpenSea list of the most popular NFT collectibles.

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