{"id":17522,"date":"2022-05-22T04:33:08","date_gmt":"2022-05-22T04:33:08","guid":{"rendered":"http:\/\/egrowonline.com\/?p=17522"},"modified":"2022-05-22T04:33:08","modified_gmt":"2022-05-22T04:33:08","slug":"did-ethereum-name-service-ens-revenue-stream-hit-a-record-high-in-may","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=17522","title":{"rendered":"Did Ethereum Name Service [ENS] revenue stream hit a record high in May"},"content":{"rendered":"


\n<\/p>\n

\n

Non-mainstream projects, more often than not, take their own time to create a niche and establish themselves. Then, it just becomes a matter of time for their name and fame to heighten. Ethereum Name Service<\/a> is one such project.\u00a0Investors and NFT enthusiasts scrambled over a newly released batch of 10,000 ENS domain NFTs. From 0000 to 9999, the NFT collection relished in value, spawning a frenzy inside their new community.<\/p>\n

Revenue streamflow\u00a0<\/strong><\/h3>\n

The ongoing month saw a significant rise in the naming service platform. The registration\/renewal revenue of the ENS hit a record high of $8,028,631 so far in May. The registration fee accounted for about 80%, most of them contributed by \u201cordinary users\u201d, not \u201cSquatter\u201d with more than five ENS domain names.<\/p>\n

\"\"<\/a><\/p>\n

Source: Dune Analytics<\/a><\/p>\n<\/div>\n

ENS, being a domain registration service, earns revenue in two ways \u2013 when users register an Ethereum<\/a> address and when users renew this address. Unsurprisingly, with numbers included in ENS\u2019s offering recently, registrations are skyrocketing.<\/p>\n

Just starting this month, ENS gained<\/a> around a 100% surge in the past 24 hours. In fact, in just a week\u2019s time, it soared to around 4400% as per data from OpenSea<\/a>. Furthermore, ENS reached<\/a> the impressive \u20181M ENS\u2019 names milestone.<\/p>\n

Additionally, April also played an integral role here. Stats reached a record high on 26 April at $1.2 million. And, then on 27 April, another $1.1 million in revenue got generated. Indeed, a massive spike for a protocol that hasn\u2019t recorded a single day of revenue over $1 million.<\/p>\n

Well, thanks to these developments, the revenue stream maintained an impressive figure throughout.<\/p>\n

\"\"<\/a><\/p>\n

Source: Token Terminal<\/a><\/p>\n<\/div>\n

Despite hiccups in the market cap, the total revenue managed to maintain a positive picture throughout. But what about the price? Well, the price of the airdropped token didn\u2019t quite show the same enthusiasm.<\/p>\n

\"\"<\/a><\/p>\n

Source: Token Terminal<\/a><\/p>\n<\/div>\n

As per this platform, ENS at press time, is priced at $12.7- reduced almost 50% from its 2 May high of $24.8.<\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Non-mainstream projects, more often than not, take their own time to create a niche and establish themselves. Then, it just becomes a matter of time for their name and fame to heighten. Ethereum Name Service is one such project.\u00a0Investors and NFT enthusiasts scrambled over a newly released batch of 10,000 ENS domain NFTs. From 0000 […]<\/p>\n","protected":false},"author":1,"featured_media":17523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[321,158,261,133,338,4523,320,2988],"class_list":["post-17522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ens","tag-ethereum","tag-high","tag-hit","tag-record","tag-revenue","tag-service","tag-stream"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/ankush-minda-VcD5OD2jDGA-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17522"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17522\/revisions"}],"predecessor-version":[{"id":17524,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17522\/revisions\/17524"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/17523"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17522"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}