Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
crypto.news 2025-01-31 13:55:04

Tezos’ Etherlink L2 booms with 184% surge in contract deployments, Messari Q4 2024 report shows

Tezos’ Etherlink L2 booms with 184% surge in contract deployments, Messari Q4 2024 report shows

In Q4 2024, Tezos’s Etherlink, the EVM-compatible Layer 2 solution, saw its contract deployments surge by 184%. In Q4 2024, Tezos’s Etherlink, the EVM-compatible Layer 2 solution, saw its contract deployments surge by184%, with over 1,700 new contracts deployed, according to the State of Tezos Q 2024 report by Messari . The network’s DeFi sector also saw a boost, with Etherlink’s total value locked (TVL) growing significantly, driven by both the increase in Tezos ( XTZ ) price and the platform’s appeal for lower fees and faster transaction speeds. However, this growth in Etherlink’s TVL came at the expense of Tezos L1, which saw a decline in its TVL. You might also like: Tezos activates Quebec upgrade, improving speed and network efficiency However, Tezos L1 also thrived, with 18% QoQ increase in contract deployments, totalling 5,800 new contracts. Additionally, Tesoz L1 experienced a 30.4% increase in transaction fee revenue compared to the previous quarter, a significant 90.8% surge when measured in USD terms. The number of daily active addresses on Tezos L1 also grew by an impressive 37% QoQ, reaching an average of 1,800 unique addresses per day. Finally, the Quebec upgrade introduced several improvements aimed at supporting the seamless integration of Ethereum-based assets and dApps, boosting the network’s appeal for DeFi applications. The combination of this upgrade with Etherlink’s lower fees and faster transactions solidified Tezos’s position as a more efficient platform for both developers and users. Looking ahead, Tezos’ ecosystem is set to evolve further, with initiatives such as the upcoming JavaScript Rollup, which will allow developers to build JavaScript-based smart contracts. Meanwhile, Tezos’s native token Tezos (XTZ) is currently trading at $1.10, with a market capitalization of $1.13B, making it 83rd crypto by market cap. You might also like: Tezos-powered Uranium.io opens retail access to Uranium trading

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
661
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.