ENS has been, and is continually is one of the largest supporters of Sign-in with Ethereum. ENS provides a way for users to take their username and profile with them, anywhere across the web, and Sign-In with Ethereum (SIWE) helps enable that interaction.
Learning the trends of ENS users helps us identify other services that could benefit from SIWE, and standardize the way in which they authenticate users. This report takes a look at .eth domains, the addresses that own them, and their blockchain transactions. The goal of this initial report is to set the stage with some of the most basic findings we’ve uncovered to date, and work towards uncovering additional patterns that will ultimately lead to more targeted integrations of SIWE.
Basic Core Data
Of the almost 600,000 .eth domains currently active as of February 2022 (check out this dashboard by makoto.eth for the latest stats), names lengths between five to nine letters make up the majority. This trends well with ‘username’ patterns, as they typically fall within that length. More generally, names between 4-19 characters in length make up more than 97% of the current .eth names. There are only nineteen .eth names over one thousand characters in length, and 11,000 (less than 2%) of three-letter names.
The majority (about 75%) of Ethereum addresses owning a .eth domain only holds one, and only three addresses hold more than one thousand .eth domains.
The $ENS launch which began on November 9th of last year marked one of the largest volume token drops of the year. A bit over 40% of the tokens were claimed within 24h, and the majority (almost 60%) of tokens were claimed within the month of November.
A huge increase in ENS registrations was seen around and shortly after the token distribution, jumping from 28k registrations in