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Ethereum Name Service (ENS) has seen a record-breaking number of domain registrations by 2022.
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The growth comes amid a larger market frenzied in which traders viewed the domains as investment opportunities.
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ENS is an open, decentralized domain name protocol which is run on top of Ethereum network.
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It offers users an easily readable name, such as "ABC. eth", instead of a complicated, long-form, alphanumeric address to their digital wallets.
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The data from Dune Analytics shows that more than 630,000 wallets have been created 2.82 million domain names.
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Of those, 459,000 are identified as "primary names."
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2.82 million number is more than 80 per cent of registrations since the service was launched in the year 2017.
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September was the month that saw the highest number of ENS registrations, with over 433,000 unique domains.
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The month of December also recorded the lowest at 52,000 domains.
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This month, however, witnessed the largest number of new users, with more than 64,000.