Tezos: To Layer 2 and Beyond? 💅

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Tezos: To Layer 2 and Beyond? 💅

Tezos: To Layer 2 and Beyond? 💅

Ah, Tezos, darling! Transaction fees up 30.4% quarter-over-quarter? How positively delightful! Reaching 11,100 XTZ in Q4 2024? Why, that’s almost enough for a new hat! 👒 But alas, network activity has dipped, my dears, a casualty of efficiency, it seems.

You see, everyone’s flocking to Layer 2 solutions like Etherlink, where transactions are faster than a witty retort at a Parisian salon. Faster, cheaper, and with 44% quarterly growth? It’s simply the darling of the season! Don’t even get me started on the 6,669 XTZ it raked in. Divine! ✨

Messari tells us this shift was inevitable, a natural progression in Tezos’s scaling strategy. But fear not, for the number of unique addresses has increased! Yes, 1,800 new faces per day, eager to join the Tezos soiree. More guests, fewer canapés? We shall see, darling, we shall see… 👀

A Playground for Games and NFTs 🕹️

Speaking of darlings, Web3 gaming and NFTs on Tezos? Positively booming, my dears! Etherlink, that industrious creature, is the talk of the town, with its low fees and lightning-fast transactions. Rarible even launched their BattleRise Founder Pass on it! Imagine, a gaming NFT offering perks and staking rewards. How utterly modern!

And then there’s Sugarverse, with their charmingly addictive Sugar Match. Who can resist a match-3 puzzle game with tradable NFTs? Not I, darling, not I! And let’s not forget the NFT drops on Etherlink. MDCL? Chapter 00? Sold out, my dear, gone in a flash! It seems everyone wants a piece of the Tezos pie. Just make sure to save a slice for me! 🍰

DeFi: A Tale of Two Cities 🎭

The DeFi scene on Tezos is a curious case, my dears. The total value locked in USD? Up by a respectable 6%, closing at $53 million. But in XTZ terms? Down 37%! It appears our dear XTZ’s rising price is masking a bit of a liquidity shuffle. You see, Etherlink’s TVL has doubled to $1.5 million. People are drawn to Layer 2 like moths to a flame, darling, and who can blame them? 🔥

Still, Youves, Sirius, and Kord.Fi are holding their own, my dears, each with a healthy chunk of TVL. It seems there’s room for everyone in this delightful game of decentralized finance. Just remember, darling, it’s not all about the money. It’s about the thrill of the chase! 🥂

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2025-02-01 20:11