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ENS registrations spike as costs fall

We are seeing a huge spike in Ethereum Naming System (ENS) domain registrations in recent days as gas costs on Ethereum fall to single-digit Gwei and a domain 000.eth was sold for 300 ETH, or ~$315,000 on 3rd July 2022, the second highest recorded sale.

ENS has soared in popularity lately as many online personalities have added the .eth extension to their social media personas. The cost of getting an ENS domain starts from just US$5 per year, and you get to enjoy lifetime ownership of the address as long as you renew.

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