Tezos sees growing income, but declining activity as users cross to layer 2

Tezos Layer 1 saw 30.4% of the quarter (QOQ) in the transaction fee revenue, reached 11,100 XTZ in Q4 2024. Meanwhile, Etherlink, Tezos first EVM-compatible smart roll-up, growing even faster, with 44% Quarterly increase, hitting 6,669 XTZ.

Despite this, the entire network activity on Tezos fell by 5% in the same period, with monthly transactions and agreed calls on average 3.2 million.

According to the latest Messari report, this decline is in accordance with constant movement towards the layer of 2 solutions such as Etherlink, which offers faster, lower transactions to support the Skalation Strategy. Although total transactions were smaller, daily active addresses (DAA), however, increased by 37% from the previous quarter, on average 1,800 unique addresses per day.

This increase in unique wallets suggest that although the transaction volume has increased, the user base is still growing, which reflects the broader adoption trend.

Web 3 and Neft on Tezos

Q4 2024 He saw the main reinforcement in Web3 playing and NFT activities on Tezos, moving Etherla, EVM Layer 2 offers the final transactions and low fees. The game sector has succeeded with key integration, such as Rarible’s Lanching of Battlerize Founder of Passage, First Play Neft on Etherlink.

This passage approved the perks in the game, reward for abolishing and rental capabilities. Sugarverse further expanded the scene to play with sugar, a match-3 puzzle game with a route NFTS.

In addition, Etherlink saw the successful NFT drops as MDCL and Chapter 00, and sell quickly. Etherlink playing infrastructure allows developers to be able to improve smart agreements with Etevreum in the Tezos. With high bandwidth and economy, the ecosystem continues to attract new projects.

Currently, over 100 projects are developing on Ethlink, securing your position as a great destination for Web1 playing, NTT markets and digital blockade experiences.

Defi He Tezos spreads

The total value locked (TVL) in the USD has increased by 6% QOQ in Q4 2024, closing at $ 53 million. However, this growth arose from XTZ growing prices, because the TVL in XTZ actually fell 37% compared to last quarter. At the same time, Etherlink’s TVL increased by $ 1.5 million, almost doubling from the Q3 level. This suggests that liquidity goes from Tezos to Etherlink in the middle of a growing adoption of a layer of 2 solutions.

VIVES, decentralized application of synthetic assets, overturned in terms of TVL among Tezos protocols and maintains over $ 32 million, which marked a growth of 28% from Q3. Sirius, XTZ / TZBTC Liquidity baking protocol, second place with $ 9.8 million, followed by Kord.fi, another liquidity baking platform, with $ 5.91 million in TVL.