Tazos sees the increase in income but the decrease in activity as users change to layer 2

Telos layer 1 saw an increase of 30.4 % quarter to the quarter (QOQ) in the income from the transaction rate, reaching 11,100 xtz in the fourth quarter of 2024. % quarterly increase, reaching 6,669 xtz.

Despite this, the general activity of the Network in Tazos decreased by 5% during the same period, with monthly transactions and contract calls with an average of 3.2 million.

According to the last mesari reportThis decrease is consistent with the continuous change towards the solutions of layer 2 such as Etherlink, which offers faster and lower cost transactions to support the teos scale strategy. While total transactions were lower, active daily addresses (DAA), however, increased by 37% compared to the previous quarter, averaging 1,800 unique directions per day.

This increase in unique wallets suggests that, although the volume of transactions decreased, the network user base continues to grow, which reflects a broader adoption trend.

Web 3 and nft in Tazos

The Q4 2024 saw a great impulse in web3 games and nft activity in Tazos, driven by Etherlink, a layer 2 EVM that offers rapid purpose of transactions and low rates. The Games sector prospered with key integrations, such as the rare launch of the founder of Battlerise Pass, the first nft game in Etherlink.

This pass gave advantages in the game, rewards and rental opportunities. Sugarser further expanded the game scene with Sugar Match, a match-3 puzzle game with negotiable nft.

In addition, Etherlink Vio Successful nft drops such as MDCL and Chapter 00, both exhausted themselves quickly. The friendly infrastructure for Etherlink games allows developers to implement intelligent contracts based on ethereum without tile problems. With high performance and profitability, the ecosystem continues to attract new projects.

Currently, more than 100 projects are being developed in Etherlink, solidifying their position as a main destination for web3, nft markets and digital experiences with blockchain.

Defi in Tazos expands

The total blocked value (TVL) in USD increased by 6% of QOQ in the fourth quarter of 2024, closing at $ 53 million. However, this growth arose from the growing price of Xtz, since TVL in terms of Xtz actually fell 37% compared to the last quarter. At the same time, Etherlink TVL increased more than $ 1.5 million, almost doubleing from third quarter levels. This suggests that liquidity is migrating from Tazos to Etherlink in the middle of a growing adoption of layer 2 solutions.

Yours, an application of decentralized synthetic assets, exceeded in terms of TVL between Tazos protocols and has more than $ 32 million, which marked a 28% growth of Q3. Sirius, a liquidity cooking protocol XTZ/TZBTC, took second place with $ 9.8 million, followed by Kord.FI, another liquidity baking platform, with $ 5.91 million on TVL.

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