In Q4 2024, Tezos observed a 30.4% increase in Layer 1 transaction fee revenue, totaling 11,100 XTZ. Concurrently, Etherlink’s performance improved drastically, with a 44% rise in revenue reaching 6,669 XTZ.

Despite revenue growth, overall network activity declined by 5%, averaging 3.2 million transactions per month. However, daily active addresses saw a 37% increase, signifying a larger user base.

Web3 gaming and NFT activities thrived, driven by Etherlink’s low-cost transactions. Meanwhile, total value locked (TVL) in USD rose by 6%, although it fell 37% in XTZ terms, indicating a liquidity migration toward Layer 2 solutions.