Alright, keeping this one short n' sweet!

And full disclosure: this news isn't all that exciting - but what it signals, is.

The number of newly created Ethereum Name Service (ENS) addresses (aka Web3 domain names) has surged, surpassing 2 million yesterday, after crossing the 1.8 million mark two weeks ago.

For context, it took ENS five years to reach 1M names created, and just three and a half months to reach 2M.

That, right there, is exponential growth!

Here's what it indicates:

History is not repeating itself.

After the crypto crash of 2018, growth didn't just slow - it was just about set back to zero. Very few projects made it through to the 2021 bull run, and for those that did - there were years of pain in between.

Seeing sustained (and even increased) growth in Web3 products like ENS, amidst the current market downturn, is a great sign of long term stability.

This calls for a bell kick!

Who's down?

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