The most costly domain name has increased in price by over 600% since 2016 due to the influx of cryptocurrencies.
Domain Names
At the end of 1985, there were six domain names registered in the world – by the end of the first quarter of 2021 there were 363.5 million registrations across all top-level domains.
Up until 1995, domain names were free; it then went on to cost $100 for a two-year registration.
Now, a domain name can cost millions. Premium domain names are more expensive because of what they bring to a website – if a brand’s website has a domain name that is relevant, users are more likely to find them when searching for something specific.
Hosting.co.uk has conducted research to uncover the 10 most expensive domain names from the past five years to see if the price has increased, and if so, what industries have caused the surge.
Rise of Cryptocurrency
The last half a decade has seen an uptick of cryptocurrency companies’ involvement in domain names, which is potentially why the prices have increased so rapidly. The most expensive domain name of the past five years, Voice.com, is also the most expensive of all time. It sold for £21.2 million ($30 million) to Block.one – the company behind EOS.IO, a blockchain powered by the cryptocurrency EOS.
Crypto-enthusiast, Elon Musk, bought the second most expensive domain name with his company Tesla. Before purchasing the tesla.com domain in 2018, the company used teslamotors.com. The Tesla domain name was not easy to obtain as it took ten years and £7.7 million ($10 million) to finally get.
Here are the 10 most expensive domain names from the past five years:
| S.No | Domain Name | Year | Value in GBP(£) | Value in USD($) |
| 1. |
voice.com
|
2019 | £21.2 million | $29.9 million |
| 2. |
tesla.com
|
2018 | £7.77 million | $10.8 million |
| 3. |
healthinsurance.com
|
2019 | £5.75 million | $8.11 million |
| 4. |
hg.com
|
2016 | £2.66 million | $3.75 million |
| 5. |
ice.com
|
2018 | £2.47 million | $3.48 million |
| 6. |
california.com
|
2018 | £2.12 million | $2.99 million |
| 7. |
vivo.com
|
2016 | £1.48 million | $2.08 million |
| 8. |
zoom.com
|
2018 | £1.41 million | $1.99 million |
| 9. |
ETH.com
|
2017 | £1.41 million | $1.99 million |
| 10. |
freedom.com
|
2017 | £1.41 million | $1.99 million |
Also included in the top 10 was ETH.com, which is also linked to cryptocurrency company Ethereum, selling for £1.41 million ($2 million) in 2017. Another key purchase in the list was zoom.com, a brand that has become a household name over the course of the pandemic. As the popularity of video conferencing rose all over the world, zoom.com quickly became one of the most visited sites on the web. It’s estimated that the site now receives 2.81 billion visitors per month, meaning the company’s 2018 purchase of the domain has been a wise investment.
CEO of hosting.co.uk Frederick Schiwek said: “It is interesting to see how the more in-demand domain name sales have increased so dramatically in the past five years.”
“It is becoming increasingly competitive for brands to get the right name – and with CEO’s like Elon Musk fighting to get the perfect domain name – we expect to see this surge even further in the next few years.”
