Another domain name service provider, NameSilo, has set a new registration fee of $10.95/year for .com domains, and NameSilo will also adjust the price of .xyz .monster .co .biz .club .design domains on the same day.
Verisign agreed with the U.S. Department of Commerce in 2018 to allow Verisign to increase prices by 7% annually for the next ten years, except in 2024 and 2025.