Our sponsor, Escrow.com, has released Q2/2020 data from its quarterly Domain Investment Index, and shared the information in a well-designed PDF document.
Some highlights below:
- Total transacted domain names amount dropped from US$85.8 million to US$55.2 million, the lowest seen since 2018. We saw a drop in transactions as the COVID-19 pandemic started to affect domain transactions, especially in the US.
- Transactions in Hong Kong picked up to US$2.4 million in Q2. However, the other leading countries such as Canada, China, US and UK, dropped in Q2, with the US having the largest drop, from US$70 million to US$42.6 million.
- The quarter started weak in April but saw slow recovery – overall though, the quarter ended low.
- Signs of recovery are visible in areas where market participants have adjusted to ‘the new normal’, however, these months did not recover sufficiently for positive growth in volume across the quarter overall.
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