Whether excited about opportunities, or not a fan of the extension,
It is not hard to see why the extension has attracted attention. In just the first 23 days of 2022
In this article, I focus on the most recent 12 months of
Graphing XYZ Weekly Sales Volume
I wondered if the surge in
Price Distribution
Next, I divided
While the number of sales is dominated by sales in the low hundreds range, supposedly domain investor acquisitions in most cases, the dollar volume is dominated by the $2000 plus sales.
The Type of Name That Sells in XYZ
In the previous article A Look At What Sells In XYZ, we saw that single-word names dominated. Since so many of the
There were 769 sales in the 12 month dataset. Each name I categorized as 1-word, 2-word, 3-word, short (I defined as 3 characters or less and not an obvious word), brandable (defined as names that could be used as brand but were not an obvious word); name (a first or last name, or both); place (the name of a city, country, region, etc.), numeric, alphanumeric, names with hyphens, or a few I had difficulty assigning, called other.
Compared to the study from last year, the type of name has broadened somewhat, with more multiple word, brandable, name, place and alphanumeric names. Somewhat surprisingly, there were no purely numeric sales reported.
The broadening is deceptive though, as many of the short, multiple word and alphanumeric names were wholesale acquisitions. The next graph presents the type of name with the dollar volume in that category. The dominance of single-word
While the vast majority are English words, a number of other languages were represented, especially Spanish.
Length
The
The low number of 2-character sales is not because they would not be desired, but rather many are premium. and were distributed in the early years of the extension, or are still held by registry.
I wondered how average price varied with domain length. I found that 4 through 10 letters dominate the high-value retail sales. Wile there were many 3-letter sales, most appear to be wholesale buys by investors counting on growing future demand for short names.
Putting data together, here is the total dollar sales volume in the different length bins. The vast majority of retail sales dollar volume is between 4 and 10 letter single words, especially 4 to 8 letters.
Premium XYZ Names
In researching this article, I discovered that the XYZ registry is very transparent with respect to premium names. You can download a spreadsheet-friendly list of all premium
There are 6582 names at premium prices, although only 2725 have premium renewals. Of these, 1220 names haver renewals of $1000 or more.
The top tier contains just 12 available names, that register and renew at $55,000 per year. Names in that list include
They also have a long list of names that carry a premium registration price but renew at standard, about $10 per year, rates. Something like
It is important for
If buying names in auction, it is important to be clear whether the name carries a premium renewal.
Current Status of Recently Sold Names
For each of the 331
Keep in mind many of these names were sold just weeks ago, some just days ago, so it is not surprising that many would not be yet in use. About 27% were already developed, and 14% were listed for sale again.
Many of the names that are again listed for sale were sold in Sav auctions. It appears from the pricing and landers that one investor holds a number of these names being resold. The last few months at least a few investors have begun buying
I separated the top 24 sales, each sold at $20,000 plus. Only one is listed for sale again, with 46% of the sites already developed.
I did not keep notes of the type of development across the many sites I checked, but there were many NFT and Defi sites, along with some design and collaboration sites. The vast majority are Web3 businesses.
Not all, but most, seemed used by startups. I was surprised that not more were used for redirection, and very few seemed defensive purchases by well-established businesses.
Other Use Measures
Clearly the long-term health of any extension depends on significant use by businesses that have high visibility.
The recent rebranding of block.xyz, as parent of the Square payment processing system, with many millions of customers, will help XYZ. The Block cryptocurrency initiative, Spiral, is also on an
Alphabet, the parent of Google, has used abc.xyz for their investor relations site for many years.
Some big name companies use
The registry maintains a showcase of some businesses and organizations on
One measure of use of an extension is number of Alexa 1M sites. NameStat show 2686 currently for
Another measure is Cisco Umbrella traffic. I checked that this week, expecting that
There are many ways to estimate web traffic, and the registry notes internal research indicating
I did a quick check of abuse ratings at Spamhaus, a service that protects nearly half of the world’s mailboxes. At 2.5% potentially ‘bad’, with a score of 0.22 (lower is better),
XYZ and Web3
The extension has come to be associated with Web3 largely because the XYZ CEO, Daniel Negari, proposed, back in 2018, an association between XYZ and the Ethereum Name Service, ENS. It was officially announced Sept 5, 2018 by Ethereum founder Nick Johnson.
Initially ENS worked only with
On the XYZ blog many Web3 businesses on
To give a feel for the type of Web3 startups that are using
A recent Web3 initiative by XYZ is Eth.xyz. It allows you to automatically link your authorized NFTs to your ENS profile. Read more about it, and see some examples, at eth.xyz.
Probably the recent TechCrunch article WTF is .xyz? will spur familiarity for the extension among the general public, as well as its association with Web3.
Sell-Through-Rate
The sell-through-rate, STR, is a measure of the percentage of domain names sold in a one year period. For example, if you have 100 domain names and sell 2 in one year that is a 2% STR.
One can use NameBio-listed sales in an extension, along with Dofo Advanced Search to indicate the number of domains currently for sale in an extension, to calculate an industry-wide STR for any extension. It is important to realize that by no means all sales are in NameBio, so the real rate would be higher, and also not all names for sale are picked up by Dofo, which would cause the apparent rate to be higher than it should be. Almost certainly the first factor dominates, so these are under estimated.
I took the current number of names listed for sale across all marketplaces tracked by Dofo and combined with the number of sales reported in NameBio to calculate a STR for sales of $100 and more, and also just for sales $1000 and more. The latter should be dominantly retail sales, although not completely.
I was surprised that the number of domain names listed for
In any case, the same procedure was used for all three TLDs. We see that the STR favors
We find that
I think it is possible that a higher percentage of
However, it is not just the STR, but both the STR and sales price that matters, the latter favors
Keep in mind this is simply an industry average. If your names are below average in quality, your STR will be less, and your average price also less.
The XYZ registry site is at nic.xyz.
No set of numbers can tell you whether it is worthwhile to invest in an extension. Keep in mind that trends can, and do, change, and past performance does not guarantee future performance.
It is best to invest in a TLD that you feel enthusiastic about, and to keep up to date with recent developments and trends. The domain name universe is huge, and you should never feel you have to invest in a sector or TLD that you don’t feel positive about.
In one sentence, at the current time, if investing for the short term in
It cannot be over-emphasized how important it is to browse lists of the type of names that sell. This link goes directly to the NameBio list of
Those willing to hold
Note that the significant sale of metadata.xyz, was announced as this was being published, so is not included in the analysis.
Sincere thanks to NameBio and Dofo in particular for data used in this article.
.xyz
is the focus of many recent discussions here on NamePros.It is not hard to see why the extension has attracted attention. In just the first 23 days of 2022
- There were 200 sales of
.xyz
domain names listed on NameBio, totalling $662,400. - That figure is more than
.net
and.org
sales combined for the same period ($212,200 plus $409,900). - The
.xyz
dollar volume is almost the same as all country code extension sales combined for the same short period, $667,000. - As I write this,
.xyz
has 10 spots on the NameBio top-100 sales of 2022. True,.com
still takes 66 spots, and I have no doubt that, by end of year.com
will dominate, but.xyz
is having an amazing recent run. Also, 9 of those sales of.xyz
are in the top 50 spots. - I analyzed sales reported in the last 5 pages, 952-956, of the NamePros Report Completed Domain Name Sales thread. The highest number of sales were in
.com
at 58, but.xyz
was next at 45, far ahead of third place.co
at 14, and.org
and.io
at 5 each.
In this article, I focus on the most recent 12 months of
.xyz
data from NameBio, the period ending Jan 24, 2022. The data consisted of 769 sales with a total volume of about $2.60 million, essentially all of which were domainer, rather than registry, sales.Graphing XYZ Weekly Sales Volume
I wondered if the surge in
.xyz
sales was showing any sign of levelling off. I calculated the .xyz
sales dollar volume per week, using NameBio data, over the past 12 months.Price Distribution
Next, I divided
.xyz
sales from the past 12 months into price bins. That data is shown below, both the number of sales, and the total dollar volume for that bin.While the number of sales is dominated by sales in the low hundreds range, supposedly domain investor acquisitions in most cases, the dollar volume is dominated by the $2000 plus sales.
The Type of Name That Sells in XYZ
In the previous article A Look At What Sells In XYZ, we saw that single-word names dominated. Since so many of the
.xyz
sales have taken place during the last few months, I wanted to check if that pattern still holds.There were 769 sales in the 12 month dataset. Each name I categorized as 1-word, 2-word, 3-word, short (I defined as 3 characters or less and not an obvious word), brandable (defined as names that could be used as brand but were not an obvious word); name (a first or last name, or both); place (the name of a city, country, region, etc.), numeric, alphanumeric, names with hyphens, or a few I had difficulty assigning, called other.
Compared to the study from last year, the type of name has broadened somewhat, with more multiple word, brandable, name, place and alphanumeric names. Somewhat surprisingly, there were no purely numeric sales reported.
The broadening is deceptive though, as many of the short, multiple word and alphanumeric names were wholesale acquisitions. The next graph presents the type of name with the dollar volume in that category. The dominance of single-word
.xyz
in the high-value retail sales continues.While the vast majority are English words, a number of other languages were represented, especially Spanish.
Length
The
.xyz
sales from the past 12 months range from 2 characters to 20, with an average length of 6.6 characters. The distribution is shown below. It indicates that anywhere from 3 through 7 or 8 characters are fairly equally sold, then it drops off sharply for names longer than 12.The low number of 2-character sales is not because they would not be desired, but rather many are premium. and were distributed in the early years of the extension, or are still held by registry.
I wondered how average price varied with domain length. I found that 4 through 10 letters dominate the high-value retail sales. Wile there were many 3-letter sales, most appear to be wholesale buys by investors counting on growing future demand for short names.
Putting data together, here is the total dollar sales volume in the different length bins. The vast majority of retail sales dollar volume is between 4 and 10 letter single words, especially 4 to 8 letters.
Premium XYZ Names
In researching this article, I discovered that the XYZ registry is very transparent with respect to premium names. You can download a spreadsheet-friendly list of all premium
.xyz
names, with their retail registration and renewal prices, at this page. I wish all registries made it this easy.There are 6582 names at premium prices, although only 2725 have premium renewals. Of these, 1220 names haver renewals of $1000 or more.
The top tier contains just 12 available names, that register and renew at $55,000 per year. Names in that list include
EU.xyz
and 123.xyz
, as well as a number of single characters including X.xyz
.They also have a long list of names that carry a premium registration price but renew at standard, about $10 per year, rates. Something like
hey.xyz
will set you back $3000 for year one, but after that it is just $10 per year, while wax.xyz
is $700 year one and then $10 per year, and water.xyz
is $350 first year then $10 per year.It is important for
.xyz
investors to browse the premium list, as they may be competition for your holdings. Some retail buyers may not realize that there is a saving every year from buying a name not on the premium renewal list.If buying names in auction, it is important to be clear whether the name carries a premium renewal.
Current Status of Recently Sold Names
For each of the 331
.xyz
names that sold for $1000 or more during the past 12 months, I tried to go to the associated web page to determine if it was developed, redirected, had monetized parking, was for sale again, or unused. The results are shown below on the left.Keep in mind many of these names were sold just weeks ago, some just days ago, so it is not surprising that many would not be yet in use. About 27% were already developed, and 14% were listed for sale again.
Many of the names that are again listed for sale were sold in Sav auctions. It appears from the pricing and landers that one investor holds a number of these names being resold. The last few months at least a few investors have begun buying
.xyz
in the 4-figure range, although most wholesale transactions are in the 3-figure range.I separated the top 24 sales, each sold at $20,000 plus. Only one is listed for sale again, with 46% of the sites already developed.
I did not keep notes of the type of development across the many sites I checked, but there were many NFT and Defi sites, along with some design and collaboration sites. The vast majority are Web3 businesses.
Not all, but most, seemed used by startups. I was surprised that not more were used for redirection, and very few seemed defensive purchases by well-established businesses.
Other Use Measures
Clearly the long-term health of any extension depends on significant use by businesses that have high visibility.
The recent rebranding of block.xyz, as parent of the Square payment processing system, with many millions of customers, will help XYZ. The Block cryptocurrency initiative, Spiral, is also on an
.xyz
domain name.Alphabet, the parent of Google, has used abc.xyz for their investor relations site for many years.
Some big name companies use
.xyz
for redirection to their .com
, like Apple.xyz and Amazon.xyz, while others ignore the extension.The registry maintains a showcase of some businesses and organizations on
.xyz
at gen.xyz/live.One measure of use of an extension is number of Alexa 1M sites. NameStat show 2686 currently for
.xyz
.Another measure is Cisco Umbrella traffic. I checked that this week, expecting that
.xyz
might have moved up from when I last did a survey. I was surprised to see that .xyz
had moved down, to 27th place from 15th. We only know rankings, and the difference in traffic may be slight, but nonetheless surprising.There are many ways to estimate web traffic, and the registry notes internal research indicating
.xyz
may now be as high as fifth overall in use.I did a quick check of abuse ratings at Spamhaus, a service that protects nearly half of the world’s mailboxes. At 2.5% potentially ‘bad’, with a score of 0.22 (lower is better),
.xyz
scores better than .com
and .net
, although a bit worse than .org
and .io
.XYZ and Web3
The extension has come to be associated with Web3 largely because the XYZ CEO, Daniel Negari, proposed, back in 2018, an association between XYZ and the Ethereum Name Service, ENS. It was officially announced Sept 5, 2018 by Ethereum founder Nick Johnson.
This means that if you own a .xyz domain name, you’ll be able to claim the same name in ENS, and use it just like you would any .eth name — associate it with your wallet, use it to name smart contracts, create subdomains, and so forth.
Initially ENS worked only with
.eth
extension names, but now works with many other TLDs that support DNSSEC, including .com
, .net
and many new gTLDs.On the XYZ blog many Web3 businesses on
.xyz
domain names are featured.To give a feel for the type of Web3 startups that are using
.xyz
, check out sites like mirror.xyz, agora.xyz, arcade.xyz and universe.xyz. I am not endorsing these, or any, site, simply using them as examples.A recent Web3 initiative by XYZ is Eth.xyz. It allows you to automatically link your authorized NFTs to your ENS profile. Read more about it, and see some examples, at eth.xyz.
Probably the recent TechCrunch article WTF is .xyz? will spur familiarity for the extension among the general public, as well as its association with Web3.
Sell-Through-Rate
The sell-through-rate, STR, is a measure of the percentage of domain names sold in a one year period. For example, if you have 100 domain names and sell 2 in one year that is a 2% STR.
One can use NameBio-listed sales in an extension, along with Dofo Advanced Search to indicate the number of domains currently for sale in an extension, to calculate an industry-wide STR for any extension. It is important to realize that by no means all sales are in NameBio, so the real rate would be higher, and also not all names for sale are picked up by Dofo, which would cause the apparent rate to be higher than it should be. Almost certainly the first factor dominates, so these are under estimated.
I took the current number of names listed for sale across all marketplaces tracked by Dofo and combined with the number of sales reported in NameBio to calculate a STR for sales of $100 and more, and also just for sales $1000 and more. The latter should be dominantly retail sales, although not completely.
I was surprised that the number of domain names listed for
.xyz
was not higher. I am not sure if that means many sellers have unlisted names, or are listing somewhere not picked up by Dofo, or if the registrations are dominated by end users.In any case, the same procedure was used for all three TLDs. We see that the STR favors
.com
over .xyz
by about a factor of 2 for all sales, but if we look only for sales $1000 and more, the reverse is true. There are relatively more 3-figure wholesale acquisitions in .com
compared to .xyz
.We find that
.net
slightly leads .xyz
when all sales are counted, but .xyz
leads for sales of $1000 and more.I think it is possible that a higher percentage of
.xyz
sales are being reported to NameBio, and that would influence these results.However, it is not just the STR, but both the STR and sales price that matters, the latter favors
.xyz
. I used NameBio to compute the average sales price for each category, and that is shown as Average in the diagram. If one multiplies this by the STR, one gets the Factor shown. While keeping in mind NameBio does not include all sales, and Dofo not all listings, this indicates whether, averaged over the entire industry, the prospects for sale make it worthwhile to renew a domain name. Commissions and acquisition costs are not incorporated in the measure, however.Keep in mind this is simply an industry average. If your names are below average in quality, your STR will be less, and your average price also less.
The XYZ registry site is at nic.xyz.
No set of numbers can tell you whether it is worthwhile to invest in an extension. Keep in mind that trends can, and do, change, and past performance does not guarantee future performance.
It is best to invest in a TLD that you feel enthusiastic about, and to keep up to date with recent developments and trends. The domain name universe is huge, and you should never feel you have to invest in a sector or TLD that you don’t feel positive about.
In one sentence, at the current time, if investing for the short term in
.xyz
ask yourself if the name would make a good brand for a web3 startup. It is best to concentrate on brands no longer than 8 letters.It cannot be over-emphasized how important it is to browse lists of the type of names that sell. This link goes directly to the NameBio list of
.xyz
sales from the past two years, ordered by price.Those willing to hold
.xyz
for a longer time, may wish to consider two-word, service match, brandable, short, place or other name formats. The sales record is still sparse in these at the current time, however.Note that the significant sale of metadata.xyz, was announced as this was being published, so is not included in the analysis.
Sincere thanks to NameBio and Dofo in particular for data used in this article.
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