---
title: "Web3 Domain Platform Ethereum Name Service (ENS) Clocked in $235k in Daily Fees: Data"
url: https://diffcoin.com/web3-domain-platform-ethereum-name-service-ens-clocked-in-235k-in-daily-fees-data/
description: "ENS raked in $235,000 in daily fees, the highest in nearly a year."
published: 2023-08-15
updated: 2023-08-15
author: "Mila"
site: "Diffcoin"
---

# Web3 Domain Platform Ethereum Name Service (ENS) Clocked in $235k in Daily Fees: Data

Web3 decentralized domains service provider – Ethereum Name Service (ENS) – raked in $235,000 in fees on August 13. The figure is the highest since September 11, 2022.

Over the past couple of years, ENS has stood as a mainstay within the Web3 realm, enabling individuals to generate easily understandable domain names and wallet addresses for cryptocurrencies.

- According to data from Arkham Intelligence’s dashboard, ENS DAO (0xFe…44b7) holds more than $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.
- The total active ENS names have also exceeded 2.6 million as of August 14th across nearly 740,000 unique addresses.
- The latest development comes a little over a month after the “distributed, open, and extensible naming system” announced plans to tap layer-2 in a bid to enhance scalability and cut costs.
- Earlier this year, ENS also launched a new fiat on-ramp for domain registrations via Web3 fiat payment gateway MoonPay.
- Its rival, Unstoppable Domains, extended support to “.eth” domains in July, allowing users to purchase via the official website.
- With the move, Unstoppable Domains seeks to engage with a fresh audience since the platform typically offers domain endings such as.crypto,.blockchain,.nft, etc., while ENS is the only venue where Ethereum enthusiasts were able to purchase the.eth domain names.
- In order to prevent “naming collisions,” each.eth domain obtained via Unstoppable’s website will be recorded through the ENS smart contract with the same full functionality as other.eth domains.

SPECIAL OFFER (Sponsored)  
  **Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month**  (terms).

**PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.**

[Source link](https://cryptopotato.com/web3-domain-platform-ethereum-name-service-ens-clocked-in-235k-in-daily-fees-data/)