The number of ENS main domain names has exceeded 500000

On March 24th, according to the latest data from Dune Analytics, the number of primary domain names in the Ethereum Domain Name Service (ENS) has exceeded 500000, reaching 500880 at the time of writing. Currently, the total number of active ENS domain names is 2769381, and the number of participating addresses is 671665. The Primary Name allows the user’s Ethereum address to point to an ENS domain name, helping users find and display the ENS domain name when connecting to DApp using their Ethereum account. This domain name must be set by the user himself and will not be automatically generated during registration. According to NFTgo data, the total trading volume of ENS has reached 214.61 million US dollars, with a market value of approximately 100.32 million US dollars.

Interpretation of this information:

The Ethereum Domain Name Service (ENS) has reached a significant milestone, with more than 500,000 primary domain names registered on March 24th. This means that users can attach an ENS domain name to their Ethereum address, making it easy to find and display when connecting to decentralized applications (DApps). It’s worth noting that users must set their domain name themselves; it isn’t automatically generated during registration. The ENS ecosystem has been growing rapidly, with over 2.7 million active domain names and hundreds of thousands of participating addresses. Furthermore, the total trading volume of ENS has reached over $214 million, with a market value of approximately $100 million.