Authoritative report:domain names exploded,transaction volume in China soared by 297%

Industry Information 31 Aug 2023 10:46:53 AM By:DN domain name editor
Abstract:

According to statistics from Escrow.com, the total value of domain name transactions in the first quarter of 2023 was $129 million, which decreased to $89 million in the second quarter (as of June 30, 2023). Overall, the second quarter saw

According to statistics from Escrow.com, the total value of domain name transactions in the first quarter of 2023 was $129 million, which decreased to $89 million in the second quarter (as of June 30, 2023). Overall, the second quarter saw fewer high-value domain name transactions. However, based on recent trends, it is expected that the transaction volume will slowly increase again.

In the second quarter of 2023, ".AI" domain names continued to rise in popularity and achieved the best quarterly record in terms of quantity. Additionally, the median prices of two and three-digit {0-9}.com domain names, as well as four-letter .com domain names, showed an increase.

Authoritative report:domain names exploded,transaction volume in China soared by 297%

1. Total Transaction Value (by Region)

In the second quarter of 2023, domain name transaction value from the United States decreased from $87 million to $62.3 million, while the United Kingdom's transaction value decreased from $22 million to $13.6 million. In contrast, the transaction value from China increased from $3.6 million to $14.3 million in the same period. This represents a growth rate of approximately 297.22%! In terms of total transaction value, the United States, China, the United Kingdom, Canada, and Hong Kong are the top countries/regions for Escrow transactions.

2. ".AI" Domain Names

With the rapid rise of artificial intelligence, the value of '.AI' domain names has surged. These domain names maintained an upward trend, reaching a median price of $1.8 million in the second quarter of 2023.

3. Two-Letter and Three-Letter .com Domain Names

In the second quarter of 2023, the median price of two-letter and three-letter {a-z}.com domain names more than doubled, increasing from $52,000 to $140,000.

4. Two-Character and Three-Character .com Domain Names

The median price of two-character and three-character .com {a-z, 0-9, -} domain names increased from $36,000 in the first quarter of 2023 to $95,000 in the second quarter.

5. Two-Digit and Three-Digit .com Domain Names

The sought-after two-digit and three-digit {0-9}.com domain names continued their upward trend, with the median price increasing from $175,000 in the first quarter of 2023 to $698,000 in the second quarter.

6. Four-Letter .com Domain Names

The median price of four-letter .com domain names slightly increased from $7,900 in the first quarter of 2023 to $9,900.

7. Four-Character .com Domain Names

In the second quarter of 2023, the median price of four-character .com domain names increased to $9,000.

8. Four-Digit .com Domain Names

In the second quarter of 2023, the median price of four-digit .com domain names surged to $300,000, reaching the highest record in years.

Overall, ".AI" domain names have experienced a rapid increase in transaction value over the past year, and the median prices of sought-after two-letter and three-letter .com domain names doubled. Notably, the median price of four-digit .com domain names soared to $300,000. The transaction value in China has seen an almost 300% increase, highlighting its significant potential.

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Authoritative report:domain names exploded,transaction volume in China soared by 297%