.xyz domain name market in 2024: volume declines, prices rise, potential still exists

2024 is a year full of stories for the .xyz domain name market, showing a complex and highly interesting development trend.

From the sales data, there are many interesting changes. On the one hand, there is a decline in sales volume. According to the Namebio report, there were only 511 sales in 2024, compared with 738 in 2023, a decrease of 227. This seems to send a signal of shrinking market demand, which makes people worry whether its market heat is declining.

(Top 10 rankings of .xyz transaction amount in 2024)

However, when looking at the dollar transaction volume and average sales price, it is a different picture.

The dollar transaction volume in 2024 reached 2.3 million US dollars, a significant increase from 1.4 million US dollars in 2023, an increase of nearly 64%. In response, the average sales price soared to $4,429, far exceeding the $1,944 in 2023, and pushed 2024 to the throne of the best year for average sales price, even surpassing the once glorious 2022.

This shows that although the number of transactions has decreased, the value of each transaction has increased significantly. High-end and high-value domain name transactions have become the dominant force in the market, which indirectly reflects the market's recognition and pursuit of high-quality .xyz domain names.

In 2022, the .xyz domain name achieved 1,614 sales and $4.7 million. Although the sales volume in 2024 was not as good, the dollar transaction volume was closely followed by the high-price strategy. This shows that the .xyz domain name market is transforming from pursuing quantitative expansion to focusing on quality and value. In the future, with the development of the digital economy, the .xyz domain name is expected to reshape the pattern with its high price advantage and set a new record.