The number of registrations in the domain name system Ethereum Name Service (ENS) increased by 378,000, to 1.87 million, last month, while other metrics of the service also saw a record increase.
Notably, ENS Domains received revenue of 5,400 ETH or $8.8 billion during the month, while sales volume nearly doubled compared to June.
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The number of owners of at least one ENS domain has exceeded 48,000.
User activity has intensified as the migration to the proof-of-stake consensus algorithm as part of The Merge update, scheduled for September 19, approaches.
Corey Whittaker, CEO of True Names Limited, which is behind ENS Domains, has said the increased activity has also been due to a strengthening ecosystem. Members create communities and share information about ENS use cases.