The number of people signing up for the Ethereum Name Service jumps by 200 percent amid decreased gas costs.

ENS registrations on the Ethereum Name Service (ENS) totaled 126,141 in one week.

Nick Johnson’s ENS Dashboard, a data collector designed by the developer, revealed that registrations increased from 11,042 to 29,727 during the weekend.On Sunday, the second-largest .eth domain sale occurred when “000.eth” was purchased for 300 Ether (ETH), which was worth around $320,000 at the time of purchase.

ENS’s daily revenue rose to $684,174 as a result of the acquisition. On Monday, the number of registrations for .eth domains rose to 34,357 as interest in the sale reached a high. ENS’s price skyrocketed following the announcement, propelling it to the top of Dapp Radar’s seven-day nonfungible token (NFT) sales chart.

ENS’s popularity on social media has also never been higher. Engagements with the term increased by 108.4 percent in seven days, according to crypto social tracking platform Lunar Crush.

ENS domains have become increasingly fashionable as the cost of gas on Ethereum has dropped to $1.57, a level that hasn’t been seen since 2020.

The Gray Glacier hard fork, which postpones the difficulty bomb on Ethereum, was released on July 1. All nodes were in sync, according to the Ethereum Foundation’s Tim Beiko, following the fork. The Sepolia testnet will then engage in a merge trial in the coming days as the Ethereum network prepares to switch to proof-of-stake consensus, following which it will undergo another stability trial.

On the same day as the fork, Ether’s price dropped by 5%, resulting in a value of 1 ETH at $1,044. Bitcoin’s price dropped by 6.1% on Thursday, extending its losing streak to four days, according to reports.


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