Welcome to the 36th 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 Q2: 10 Stats That Tell the Story 📈
1. 📈 Public sales skyrocketed by 352.24%, reaching $23.7M — the highest disclosed total in years, driven by standout 4L transactions.
2. 💸 Escrow.com facilitated $13.47M in private transactions — with 4L and 3L .coms making up the majority, reaffirming their role as the market’s most liquid categories.
3. 💼 4L .coms dominated again in both public and escrow channels — with nearly $9M in escrow volume alone, cementing their liquidity leadership.
4. 🌐 2L domains remain top-tier in development, with nearly 30% in active use — a signal of sustained end-user demand and long-term value.
5. 📉 5N .com values collapsed again: down another 60.94% YoY in the 5th percentile, with limited development and liquidity.
6. 🌀 Turnover still low overall, but 4N and 5N .coms saw the most movement — likely driven by investor repositioning.
7. 🧾 3L .coms had a solid quarter in escrow sales, with over $3M in volume — confirming continued interest in mid-tier liquid domains.
8. 📉 4L .coms slipped by 1% in the 5th percentile this quarter — the first decline in a while, but still minor in context.
9. 💹 Bitcoin ETFs and Verisign outperformed major indices over the past 12 months, rising 76.84% and 62.86% respectively — domains held up in comparison.
10. 🧱 2C domains showed surprising strength in development, nearly matching 3L domains — small segment, but worth watching.
Global Asset Markets – Q2 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**Starting 2022 Q1, NAREIT has been replaced by the VNQ (Vanguard Real Estate ETF)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.
