Ethereum Name Service: Whale movement causes flurry amidst July dip
The owner of the darkmarket.eth domain reclaimed their ETH two years after ENS founder and lead developer Nick Johnson reminded them that the funds were locked up in ENS deposits from the first two years of the service.Investors chorused “no,” to .eth name registrations in July
The whale’s decision to reclaim its long-held ENS tokens came at a time when the platform recorded a monthly decline in name registrations. According to adashboard, ENS name registrations totaled 31,029 in July. This represented a 14% fall from the 35,963 recorded in .eth registrations in June. On a year-to-date, monthly ENS name registrations have plummeted by 45%. Since its monthly all-time high of 437,365 name registrations in September 2021, this has trended downward.Further, data from Dune Analytics showed that the count of new addresses created on the ENS network experienced a decline in July. The protocol saw a mere 25,115 new addresses created within the 31-day period. This was an 18% decrease from June’s count of 30,722 addresses.
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