Namespace Momentum | ENSWhois Analyses

Is the .eth namespace growing or shrinking, and who is leaving?

Every other analysis here answers "what is true today". This one is the only one that answers "what changed" — it diffs the two most recent snapshots of the same measurements.

What this tells you:

Net direction - active names and holder wallets, then versus now, with the churn ratio: how many names lapse for every one newly registered.
Who is leaving - if the percentage contraction deepens as holder tier grows, the namespace is shedding portfolio holders rather than individual users. That is the opposite of what a price filter is supposed to do.
Which tiers churn hardest - per-length change in active supply, which is the pricing debate's central question asked as a rate rather than a level.

Active names

788,419

▼ -25,795 (-3.2%)

-921 per day

Holder wallets

379,192

▼ -8,676 (-2.2%)

wallets holding ≥1 active name

Ever registered

3,391,340

▲ +2,186 (+0.1%)

new registrations in the window

Churn ratio

11.8×

net names lost per new name registered

Compared against the snapshot of 2026-08-23 — 2026-08-23 → 2026-09-20, 28 days.

Churn by length

Active names in each length bucket, then and now. Length is independent of event dating, so this comparison is unaffected by re-dating.

Churn by holder tier

Compared against the snapshot of 2026-08-23 — 2026-08-23 → 2026-09-20, 28 days.

Wallets bucketed by how many active .eth names they hold. If the percentage change deepens as the tier grows, the contraction is led by portfolio holders rather than individual users.

Bucket	Active then	Active now	Change	New registrations
3 chars	2,913	2,780	▼ -133 (-4.6%)	0
4 chars	9,976	9,338	▼ -638 (-6.4%)	+15
5 chars	100,158	96,896	▼ -3,262 (-3.3%)	+141
6–9 chars	392,182	379,825	▼ -12,357 (-3.2%)	+922
10+ chars	308,985	299,580	▼ -9,405 (-3.0%)	+1,108

Tier	Wallets then	Wallets now	Wallet change	Name change
1 name	312,002	305,166	▼ -6,836 (-2.2%)	▼ -6,836 (-2.2%)
2–5 names	60,846	59,508	▼ -1,338 (-2.2%)	▼ -3,627 (-2.3%)
6–10 names	7,733	7,510	▼ -223 (-2.9%)	▼ -1,661 (-2.9%)
11–50 names	6,057	5,814	▼ -243 (-4.0%)	▼ -4,975 (-4.0%)
51–100 names	716	711	▼ -5 (-0.7%)	▼ -220 (-0.4%)
100+ names	514	483	▼ -31 (-6.0%)	▼ -8,534 (-6.5%)

Methodology

Every figure is the difference between two rows of analysis_snapshots — the latest snapshot for each key and the one before it. The two keys are written by separate scripts, so their comparison windows can differ; each section states its own.
Active names and new registrations come from the cohort-retention snapshot; wallets and holder tiers from the holder-concentration snapshot. Small discrepancies between the two totals are expected — they were computed at different moments and scope buckets slightly differently.
'New registrations' is the growth in names ever registered, which counts a lapsed name re-registered by someone else as new. It is registration flow, not net-new namespace.
Comparisons bucketed by registration year are deliberately absent. Event dates come from block_timestamps where known and a linear block-number approximation otherwise, so as that table backfills, historical events get re-dated and cohort-year counts shift without any registration changing. Length and holder tier don't depend on dating, so they compare cleanly.
Snapshots are generated by hand (bun scripts/analyses/run-all.js), so the window between them is irregular. Per-day rates are the window average, not a measured daily series.