• Latest
  • Trending
Did Ethereum Name Service [ENS] revenue stream hit a record high in May

Did Ethereum Name Service [ENS] revenue stream hit a record high in May

May 22, 2022
Decoding the reasons behind Chainlink’s [LINK] recovery from crash

Decoding the reasons behind Chainlink’s [LINK] recovery from crash

June 26, 2022
How To Enter A Ripple Dimension In Dislyte

How To Enter A Ripple Dimension In Dislyte

June 26, 2022
Today’s Dogecoin Price in Pakistan on, May 3rd, 2022

Dogecoin to PKR in Pakistan – 26th June, 2022

June 26, 2022
One Low-Cap Altcoin Skyrockets by More Than 140% in Just One Week As Crypto Markets Rebound

One Low-Cap Altcoin Skyrockets by More Than 140% in Just One Week As Crypto Markets Rebound

June 26, 2022
Why Solana Is Going Big on Mobile

Why Solana Is Going Big on Mobile

June 26, 2022
Bitcoin may still see ‘wild’ weekend as BTC price avoids key $22K zone

Bitcoin may still see ‘wild’ weekend as BTC price avoids key $22K zone

June 26, 2022
Can you earn passive income running a Lightning node?

Can you earn passive income running a Lightning node?

June 25, 2022
Saylor, CZ, and Professor Weigh In

Saylor, CZ, and Professor Weigh In

June 25, 2022
Everything You Need To Know About BITCOIN – Beginners Guide

Everything You Need To Know About BITCOIN – Beginners Guide

June 25, 2022
Bitcoin payments make a lot of sense for SMEs but the risks still remain

Bitcoin payments make a lot of sense for SMEs but the risks still remain

June 25, 2022
Litecoin Transaction Market Research With Binance, Coinw, Bithumb, Upbit, BitMEX

Digital Coin Market Research With Bitcoin, Ethereum, Ripple, Litecoin, Dogecoin

June 25, 2022
Sam Bankman-Fried provides bailouts, ‘Bitcoin dead’ searches soar, and debate over hidden themes behind BAYC continues: Hodlers Digest, June 19–25

Sam Bankman-Fried provides bailouts, ‘Bitcoin dead’ searches soar, and debate over hidden themes behind BAYC continues: Hodlers Digest, June 19–25

June 25, 2022
OOF CRYPTO
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO
OOF CRYPTO
No Result
View All Result

Did Ethereum Name Service [ENS] revenue stream hit a record high in May

by oof_pj
May 22, 2022
in Ethereum
0


Non-mainstream tasks, as a rule, take their very own time to create a distinct segment and set up themselves. Then, it simply turns into a matter of time for his or her title and fame to intensify. Ethereum Name Service is one such challenge. Traders and NFT fans scrambled over a newly launched batch of 10,000 ENS area NFTs. From 0000 to 9999, the NFT assortment relished in worth, spawning a frenzy inside their new neighborhood.

Income streamflow 

The continued month noticed a major rise within the naming service platform. The registration/renewal income of the ENS hit a document excessive of $8,028,631 thus far in Might. The registration payment accounted for about 80%, most of them contributed by “unusual customers”, not “Squatter” with greater than 5 ENS domains.

Supply: Dune Analytics

ENS, being a website registration service, earns income in two methods – when customers register an Ethereum tackle and when customers renew this tackle. Unsurprisingly, with numbers included in ENS’s providing lately, registrations are skyrocketing.

YOU MAY ALSO LIKE

Sam Bankman-Fried provides bailouts, ‘Bitcoin dead’ searches soar, and debate over hidden themes behind BAYC continues: Hodlers Digest, June 19–25

These are Your Best Cryptocurrencies for Long-Term Investment: Ethereum Classic (ETC), CashFi (CFI), and Monero (XMR)

Simply beginning this month, ENS gained round a 100% surge up to now 24 hours. In truth, in only a week’s time, it soared to round 4400% as per knowledge from OpenSea. Moreover, ENS reached the spectacular ‘1M ENS’ names milestone.

Moreover, April additionally performed an integral function right here. Stats reached a document excessive on 26 April at $1.2 million. And, then on 27 April, one other $1.1 million in income received generated. Certainly, a large spike for a protocol that hasn’t recorded a single day of income over $1 million.

Effectively, thanks to those developments, the income stream maintained a powerful determine all through.

Supply: Token Terminal

Regardless of hiccups out there cap, the entire income managed to take care of a optimistic image all through. However what concerning the value? Effectively, the value of the airdropped token didn’t fairly present the identical enthusiasm.

Supply: Token Terminal

As per this platform, ENS at press time, is priced at $12.7- decreased virtually 50% from its 2 Might excessive of $24.8.



Source link

Tags: ENSEthereumHighhitrecordrevenueServiceStream
ShareTweetPin

Search

No Result
View All Result

Recent News

Decoding the reasons behind Chainlink’s [LINK] recovery from crash

Decoding the reasons behind Chainlink’s [LINK] recovery from crash

June 26, 2022
How To Enter A Ripple Dimension In Dislyte

How To Enter A Ripple Dimension In Dislyte

June 26, 2022
Today’s Dogecoin Price in Pakistan on, May 3rd, 2022

Dogecoin to PKR in Pakistan – 26th June, 2022

June 26, 2022

Recent News

  • Decoding the reasons behind Chainlink’s [LINK] recovery from crash
  • How To Enter A Ripple Dimension In Dislyte
  • Dogecoin to PKR in Pakistan – 26th June, 2022

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Rippl
  • Videos

Follow Us

Find Via Tags

Altcoin Altcoins analysis Analyst Bitcoin blockchain BTC Buy Cardano Chainlink coin Crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin ETH Ethereum exchange Heres Inu Investors launches link Litecoin LTC Market Markets metaverse news NFT NFTs Price Prices rally Ripple Ripples Shiba Solana Today token Top XRP
  • Privacy & Policy
  • About Us

© 2021 oof Crypto

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Solana
  • Altcoins
  • Market & Analysis
  • ICO

© 2021 oof Crypto