Escrow.com Have Seen a 61.6% Increase in Total Domain Name Volume This Quarter (1.Viewing)

We have seen a 61.6% increase in total domain name volume on Escrow.com this quarter,
growing from $80.3M in 4Q22 to $129.8M in 1Q23.
A resurgence in domain names sales was seen in 1Q23 as the total volume was at its highest
since 2Q22. Several “mega” domains, including Chat.com, Prompt.com and NewYork.com,
were seen in the first quarter of 2023 and are expected to continue throughout the year.
Aside from the “mega” domains, “.ai” domains hit their peak in 1Q23 by reaching a total volume
of $1M as interest grows for artificial intelligence services. With the AI revolution steaming
forward, this trend is also expected to continue to grow in 2023.
Looking globally, there has been a significant increase in the value of domain name transactions
from the United States and the United Kingdom, which have gone up in value from $57M to
$87M, and $8M to $22M respectively in 1Q23. The median price of two and three character
.com {a-z,0-9,-} domain names saw a slight increase as it went from $32.5k to $36k in 1Q23.
The median price of six character domain names recovered from 4Q22 as it increased to $5,000
in 1Q23.

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DomainRecap said:

Notice Canada is way down.

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