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0.002 ETH per year sounds reasonable. But then 0.1 ETH gas for each transaction is ridiculous.

> Increase registration period to avoid paying gas every year.

I shouldn't have to. When I use my credit card, VISA charges the merchant (which can be passed to me), yes, but not at 5000% of the purchase.

It's cheaper to pay for 2 years in 1 tx, than 1 year twice in 2x, because that's 2 vs 1 modifications to global state.

The price of gas is not constant. Wait for lower demand.

They're in the process of adding layer 2 support so that you'll be able to register on rollups without having to pay high gas. Should be 1/10th of the cost in gas or less after its implemented.

In the meantime, I've generally spent about $60 or so on gas fees, and since it's $5 a year for the actual registration, I tend to offset the gas by registering for more years. If you spend $100 you get a domain for 8 years. That's as good as cheaper TLDs.

To be fair that's not too much in the novelty domain space. It's about what you'd pay for say .ai

Yeah, it's great wanting to move $1 worth of ERC20 tokens for $50. /s