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Information about Tezos (XTZ)
Tezos is a blockchain network based on a smart contract platform similar to the famous Ethereum platform, but with other more advanced features (such as On-chain Governance and Self-Amendment). Tezos aims to become the only smart contract platform that users will need later, beyond Bitcoin.
Unlike Bitcoin and Ethereum, Tezos aims to provide a more advanced infrastructure—meaning it can grow and improve over time without ever risking a hard fork. This is a problem that both Bitcoin and Ethereum have had since their creation. XTZ holders can vote on protocol upgrade proposals made by Tezos developers.
XTZ is a cryptocurrency used on the Tezos platform that also acts as a vote. This ballot is used to vote when proposals are published on the network.
Tezos can also be understood as an investment asset like other cryptocurrencies in the market, allowing investors to share in the profits from the business of the Tezos platform.
News
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.
Stellar stands out with strong XLM token and anchors system. Tezos focuses on flexible governance and scalability. Polkadot promotes interaction between blockchains. The Sandbox revolutionizes gaming with blockchain models. These platforms are leading the way in defining the future of decentralized ecosystems.
Manchester United, one of the world’s biggest football clubs, has partnered with Tezos to launch the Premier League’s first Web3 fantasy football game. The game will allow fans to manage Manchester United players virtually.
The game has been developed on the Tezos blockchain and aims to enhance fan engagement through interactive collectibles.
Tezos validators are set to vote on a newly released protocol upgrade proposal.
The proposal aims to reduce the network’s block confirmation time to 10 seconds and activate DAL to enhance throughput and L2 scalability.
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