Welcome to the 38th 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 Q4: 10 Stats That Tell the Story 📈
- 📉 Public sales crashed 37.96% to $2.7M — a sharp drop from Q3.
- 💸 Escrow.com held steady at $14.13M in private transactions, down just 2.36% — proving that buyers still transact even when public sales slow.
- 💼 4L .coms dominated escrow with $9.56M in volume — despite a 5.30% decline, they remain the market’s most liquid asset class by far.
- 🌐 2L domains maintained their development lead at 27.66% — end-user demand for premium short domains remains resilient through volatility.
- 📉 5N .com turnover increased by 113.15% — suggesting speculative churn and portfolio repositioning rather than genuine end-user liquidity.
- 🌀 Overall turnover jumped to 16.26% — driven almost entirely by 4N and 5N domains, signaling repositioning in numeric categories.
- 🧾 3L .coms posted $3.48M in escrow sales despite a 12.74% drop — holding their ground as reliable transaction vehicles.
- 📊 4N .coms saw escrow volume surge 182.76% to $82K — small but notable, suggesting renewed interest in four-number domains.
- 💹 Global markets split in Q4: GLD and SPX posted 10% gains while Bitcoin collapsed 24.65% — liquid domains outperformed crypto assets.
- 🧱 Over 12 months, GLD surged 58% while Bitcoin Trust ETFs lost 7% — 4L .coms gained 11%, providing stability compared to alternatives.
Global Asset Markets – Q4 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**Starting 2022 Q1, NAREIT has been replaced by the VNQ (Vanguard Real Estate ETF)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.
