In Q4 2024, Tezos's Etherlink, an EVM-compatible Layer 2 solution, experienced a surge in contract deployments, with over 1,700 new contracts deployed. The network's DeFi sector also saw growth, with Etherlink's total value locked increasing due to the platform's lower fees and faster transaction speeds. However, this came at the expense of Tezos L1, which saw a decline in its total value locked. Nonetheless, Tezos L1 experienced a QoQ increase in contract deployments, higher transaction fee revenue, and a growth in daily active addresses. The Quebec upgrade improved the network's integration of Ethereum-based assets and dApps, solidifying Tezos as a more efficient platform for developers and users. Tezos's native token, XTZ, is currently trading at $1.10 with a market capitalization of $1.13B.



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