Ethereum Name Service Touts Third-Highest Monthly Revenue as Merge Approaches

[Markuri33]

Crypto domains are seeing a continued lift as the ETH universe prepares for its next major milestone. The Ethereum Name Service reported its third highest month of revenue in August, with 2.17 ENS domain names created on the service.

In a tweet announcing the latest milestone, ENS Domains said it added 2,744 ETH (around $4.3 million) in revenue and 34,000 new Ethereum accounts using at least one ENS name to its books in August. The firm also claims it generated more than 99% of the domain sales volume on OpenSea. The Ethereum Name Service or ENS manages the issuance and renewal of .eth domain names built on Ethereum. ENS domains can be linked to one's cryptocurrency wallet, meaning that instead of providing a sender with a long Ethereum address, users can give their .eth domain name to receive a transaction.more information