In September 2024, there was a 22.9% drop in new domain registrations for the Ethereum Name Service (ENS) compared to the previous month. Despite this decline, ENS remains a crucial part of the Web3 ecosystem, with over 1.9 million active domains and nearly 900,000 unique user addresses. ENS allows users to create easily readable domain names for their blockchain addresses, enhancing the user experience. The decline in registrations may raise questions about demand, but ENS continues to show long-term growth and plays a vital role in the development of Web3. It is expected to play a key role in shaping the future of digital identities and domain names in the Web3 space.



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