๐Attention BTC enthusiasts! Ethereum Name Service (ENS), a Web3 decentralized domains service provider, has hit a new milestone, raking in $235,000 in fees on August 13 - the highest since September 11, 2022! ๐ ENS has been a mainstay in the Web3 realm, enabling users to generate easily understandable domain names and wallet addresses for cryptocurrencies. ๐ผ
ENS DAO currently holds over $132.4 million in assets, including 10 million ENS (worth $90.63 million), 15,000 ETH (worth $27.72 million), and 14.13 million in USDC stablecoin. ๐ The total active ENS names have also exceeded 2.6 million as of August 14th across nearly 740,000 unique addresses. ๐
This achievement comes after ENS announced plans to tap layer-2 for enhanced scalability and reduced costs. ๐ก ENS also launched a new fiat on-ramp for domain registrations via Web3 fiat payment gateway MoonPay earlier this year. ๐
Meanwhile, rival Unstoppable Domains extended support to ".eth" domains in July, allowing users to purchase via the official website. This move aims to engage a fresh audience, as Unstoppable Domains typically offers domain endings such as .crypto, .blockchain, .nft, etc. ๐
Stay tuned for more exciting updates in the world of BTC and Web3! ๐๐ซ