Tezos Research Hub | XTZ information, history and analysis
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.
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.
Google Cloud joins Tezos blockchain’s validator network
Google Cloud has accelerated its web3 strategy after announcing a partnership with Tezos Foundation. The cloud computing service will now become part of Tezos blockchain’s validator network.
According to the announcement, Google Cloud will waive all transaction fees it is eligible to receive. The partnership allows Google Cloud’s corporate clients to develop web3 applications on the Tezos blockchain.
California DMV to digitize car title management system via Tezos
The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain.
California DMV’s chief digital officer Ajay Gupta emphasized that the agency is looking to modernize its current systems and bring greater transparency to car title transfers.
Manchester United launches Tezos-powered NFT
Manchester United, one of the biggest clubs in world soccer, has launched its first collection of non-fungible tokens powered by proof-of-stake blockchain Tezos.
The club’s first digital collectible is a key that offers fans access to a slew of rewards free of charge. They will be distributed to the club’s fans at random.
Man United onboards Tezos as its official Web3 and training kit partner
Manchester United, one of the oldest soccer clubs in the world, has confirmed its partnership with blockchain firm Tezos as the official training kit and technology partner.
Manchester United aims to build a fan ecosystem expected to be based on the concept of a metaverse on the Tezos blockchain to offer personalized experiences to the fans, with the platform planning to use the native token of Tezos, XTZ.
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.
XP.network and Tezos blockchain announced a new partnership
XP.network, a company that provides multi-chain support for NFTs, announced an integration with the Tezos blockchain.
With this integration, Tezos will utilize XP.network’s multi-chain bridge into its constantly growing arsenal of features, expanding its reach across the global cross-chain ecosystem.