Welcome to the 35th edition of the Liquid Domains Overview, which focuses on the 614,928 .com domains we call “liquid”. The objective of the report is to present key statistics and generate a debate amongst the industry stakeholders about the fair value of such domains. We hope you enjoy it and we encourage your feedback and participation for the next reports.
What You Missed in Q1: 10 Stats That Tell the Story
Public sales jumped 121.61% this quarter, hitting $5.24M—the highest disclosed total in recent memory.
Escrow.com sales dipped slightly by 2.11%, but still totaled a strong $17M in private transactions.
2L and 4L .com domains continue to lead both public and escrow sales, reinforcing their role as top-tier digital assets.
5N .com values plummeted, down 65.71% QoQ and over 81% YoY in the 5th percentile—an ongoing correction in this category.
2L domains are the most developed of all classes, with nearly 30% in active use—suggesting strong end-user demand.
Turnover remains low across most categories, but 4N and 5N .coms saw the most movement this quarter.
4L .com domains dominated Escrow.com sales, generating nearly $10M in private transactions—more than any other category.
Verisign and GoDaddy saw declines this quarter, down 8.73% and 11.96% respectively, underperforming many domain categories.
GoDaddy leads 12-month growth with a 51.79% gain, followed by Verisign (+33.96%) and GLD (+40.06%).
2C domains showed surprising development activity, coming in just behind 2L and 3L in real-world usage.
Global Asset Markets – Q1 2025
Global Asset Markets – Past 12 Months
*Data from MorningStar
**Starting 2022 Q1, NAREIT has been replaced by the VNQ (Vanguard Real Estate ETF)
***GBTC – Grayscale Bitcoin Trust
Index, ETF and all security return data was initially computed by Morningstar, Inc. and is shown in this report for display purposes only. This data is not, nor is meant to be used as, actionable investment advice; nor a direct comparison between any exchange or market traded security, or individual stock, or index and any category of domain names. We cannot guarantee the accuracy of any such data, as it is maintained by a third party and may be subject to errors, or unavailability. Morningstar, Inc. did not participate in the creation of this report and reserves all intellectual property rights in regard to its own materials or data.
