Monthly ENS Registrations At All Time High: Any Usefulness?

The use of blockchain technology continues to evolve every day. As this evolution happens, new innovations are created from time to time. One new innovation going around the crypto industry is Ethereum Name Service (ENS). Everyone is familiar with the domain name service (DNS), which is the component of the internet that comprises domain names and connects web browsers to websites. ENS serves a similar purpose for the Ethereum blockchain as DNS does for the internet. As DNS is to the internet, ENS is to the Ethereum blockchain. ENS Monthly Registration is at an All-Time High After reaching a landmark of 1 million users earlier in the month, the Ethereum Name Service (ENS) is now having a record-breaking month of new registrations. Nick Johnson, the lead developer of ENS, stated in a tweet that the month of May has now reached an all-time high for every single ENS metric, including the number of registrations, renewals, revenue, and income. In addition to that, there is a record number of returning users. Johnson made the statement, “And there’s still a week of May left,” pointing to the likelihood that the number of registrations will increase before the end of the month. Reason Behind The Boom in ENS Registrations? Recent events have also caused a stir in the NFT community over ENS domains, and the majority of recent registrations can be traced back to NFT enthusiasts. The number of people registering three and four-digit ENS...