Tezos transactions and smart contract activity surge on NFT demand

According to Coin Metrics’ “State of the Network” report, the number of transactions involving smart contracts has surged over the past 12 months to more than 50,000 per day from less than 10,000 per day in January 2021.

The report observed that the growth has been driven by NFT platforms such as the generative art platform FX Hash seeing increased interest. Additionally, gaming giant Ubisoft also announced Tezos support for gaming NFTs in December.