Sep 14, 2020
The Results of the Decaying Price Premium After Releasing 280k Names
In the previous post, I wrote the following observations of the first few weeks after the big release of names:
- 44 registrations for nearly full premium on the first day (= 20k names with normal price)
- 4 registrations with extremely high gas fee (2020 gwei = $95 at that time)
- At that point, people were paying nearly $30 on gas due to defi craze (mostly caused by $YAM)
Now that one month has passed, I wanted to show the overall result.
1967 registrations were made with premium of which over 75% were made on the last day.
However, we had 1397 names and 471 names registered after the end of premium so we probably had nearly another 2000 names registered with no premium.
Did we congest the Ethereum network? At the height of gas price, users had to pay nearly $40 on gas to register, but it was a few days after our biggest spike (29th /30th Aug).
As everyone probably know, we also had another defi craze called $SUSHI and their gas cost spike was on the same day, so it is safe to assume that we were rather smaller fishes.
So is this decaying premium thing over? Not really. This is a generic mechanism to handle released names from now on and we have an average of 1000 names to be released in the next few months. Also there are over 10k short names to be expired in a few months and some names will be released if people don’t renew.
We have calendar reminder as well as email notifications via BUILDHub so make sure you renew on time.
For those of you looking for acquiring these newly released names, I created a dashboard where you can search names.
