In Q4 2024, Etherlink of Tezos, EVM-Sangat Layer 2, increased its contractual purification by 184%.
In Q4 2024, EVM-Sangat layer 2 solutions, Etherlink of Tezos noticed that its contract was increased by184%, which has more than 1,700 new contracts, according to, according to, according to, Report of Tezos Q 2024 report by Mesari,
The network’s DEFI sector also saw a boost, the total value lock (TVL) of the athlink has increased significantly, which is inspired by both the increase in the Tejos (XTZ) price and the appeal of the platform for low fee and speed of rapid transaction. . However, this increase in TVL of Athlinks occurred at the cost of Tezos L1, which saw a decline in its TVL.
However, Tezos L1 also concluded, with 18% QOQ increase in contract deployment, a total of 5,800 new contracts. Additionally, Tesoz L1 experienced a 30.4% increase in transaction fee revenue compared to the previous quarter, when the USD terms led to a significant 90.8% increase when measured in USD terms. The number of daily active addresses on Tezos L1 also increased from an impressive 37% QOQ, which reached 1,800 unique addresses per day.
Finally, the Quebec upgrade launched several reforms with the aim of supporting the appeal of the network for DEFI applications, supporting atherium-based assets and spontaneous integration of DAPP. The combination of this upgrade with the lower fees and rapid transactions of the eaterlink strengthened the position of Tezos as a more efficient platform for both developers and users. Further, the ecosystem of Tezos is ready to develop further, with initiatives such as upcoming JavaScript rollup, which will allow developers to create JavaScript-based smart contracts.
Meanwhile, Tezos’s native token Tezos (XTZ) is currently trading at $ 1.10 at $ 1.10 at $ 1.10 at $ 1.10, making it 83rd crypto by market cap.
