.Com is doing fine, but the same can't be said for other top level domains. Total domain counts are falling, here's why

Verisign has published its quarterly Domain Name Industry Brief for the first quarter of 2021.
The company calculates that total domains registered across all extensions fell 2.8 million, or 0.8%, since the end of 2020. Total domains fell 3.3 million, or 0.9%, compared to the first quarter of 2020.
This might come as a shock to people who have heard about exploding growth in domains during the pandemic and with Verisign raising its guidance for the year.
While .com continues to grow at a steady clip, total country code (ccTLDs) and new top level domains have fallen.
Verisign figures the total base of ccTLDs fell 1.5% compared to the end of last year and 0.6% compared to a year ago.
The biggest fall has been in new top level domains, which have plummeted 29.3% over the past year and 12.3% in the last quarter. This has to do with a handful of top level domain operators halting or reducing low-cost registration promotions.
Source from Domain Name Wire
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