11 [ENS] Claims vs Price
ENS Domains Usage
ENS Domains have become the hot new property for cyber-squatters to acquire. The race to acquire Ethereum Name Service domains is reminiscent of the one for .com names in the early days of the internet. Many buyers are trying to snap up as many prime addresses as possible, hoping to resell them for a lot more money.
From Intelligencer:
> This month alone, more than 71,000 domains have been newly minted on the Ethereum Name Service — its biggest month ever, going back to 2017. The buying rush has created thousands of new potential digital landlords — some of whom have collected hundreds of domains. The bump has been helped by Silicon Valley celebrities like Balaji Srinivasan and actual celebrities like Ashton Kutcher, who have both taken to Twitter to promote the domains. At OpenSea, a large NFT marketplace, amazon.eth is currently for sale for nearly $1 million, while Nike.eth is listed for more than $4 million. Recent sales include adele.eth for around $6,000, radiologist.eth for $4,000, and boy.eth for $65,000. On Discord, the chat app that’s preferred among the gaming and crypto communities, an ENS domain server is flooded with people trying to unload bundles of less impressive names, like pussylord.eth for about $200 before transaction fees.
In addition to hoping to profit from a unique name, ENS domains serve two other very important purposes:
- It's used for easily remembering the address for transferring money.
- It's used for virtue signaling on social media as being "in" on the crypto circles.
What percentage of addresses have done transactions?
To get an idea of how many transactions each ENS owner has done, here's what I did:
- Find the total number of addresses with domain registration in the last 6 months = 165,228
- Now find the number of addresses who have done more than 2, 3, 4, 5, 6 .... 50, 100 transactions
- Calculate % at each level of number of transactions of total number of addresses.
> NOTE: The table and chart is pretty hard to read because they wouldn't sort by the "Type" column.
Here's what I found:
- Almost 97% of addresses have done >2 transactions
- The %age keeps falling from there and by the time we get to > 10 transactions, we're at ~69%.
- At > 100 transactions, we're at 22%.