Ethereum name service domain registrations explodes in 2022 – This is why it drives ETH adoption

ENS saw a record-setting over 2.2 million .eth domain name registrations in 2022. 
The success of the protocol has driven Ethereum adoption and ETH burning. 
Ethereum Name Service (ENS) had a record-setting year in 2022. According to data pointed out by the protocol, over 2.2 million ENS names were registered in 2022. The figure represents about 80% of all names that have been created in the protocol’s lifetime.
Congratulations @ensdomains on an amazing 2022! 🍾
2023 will be even better! 🚀
ethdotco.eth ❤ pic.twitter.com/UCBlEpAmPA
— Eth.co (@ethdotco) January 1, 2023

ENS is a distributed, open, and extensible naming system based on the Ethereum blockchain. It is the leading blockchain equivalent of Domain Name System (DNS) that assigns addresses on the internet. Particularly, ENS translates cumbersome Ethereum addresses comprising random machine-readable numbers and letters into memorable names.
Data from a Dune Analytics dashboard that tracks ENS registrations, the servi

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