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Tezos Layer 1 saw a 30.4% quarter-over-quarter (QoQ) rise in transaction fee revenue, reaching 11,100 XTZ in Q4 2024. Meanwhile, Etherlink, Tezos’ first EVM-compatible smart roll-up, grew even faster, with a 44% quarterly increase, hitting 6,669 XTZ. Despite this, the overall network activity on Tezos dropped by 5% during the same period, with monthly transactions and contract calls averaging 3.2 million. According to Messari’s latest report , this decline is consistent with the ongoing shift toward Layer 2 solutions like Etherlink, which offers faster, lower-cost transactions to support Tezos’ scaling strategy. While total transactions were less, the daily active addresses (DAA), however, rose by 37% from the previous quarter, averaging 1,800 unique addresses per day. This increase in unique wallets suggests that while transaction volume decreased, the network’s user base continues to grow, reflecting a broader adoption trend. Web 3 And NFT on Tezos Q4 2024 saw a major boost in Web3 gaming and NFT activity on Tezos, driven by Etherlink, an EVM Layer 2 offering fast transaction finality and low fees. The gaming sector thrived with key integrations, such as Rarible’s launch of the BattleRise Founder Pass, the first gaming NFT on Etherlink. This pass granted in-game perks, staking rewards, and rental opportunities. Sugarverse further expanded the gaming scene with Sugar Match, a match-3 puzzle game featuring tradable NFTs. Additionally, Etherlink saw successful NFT drops like MDCL and Chapter 00, both selling out quickly. Etherlink’s gaming-friendly infrastructure enables developers to deploy Ethereum-based smart contracts seamlessly on Tezos. With high throughput and cost efficiency, the ecosystem continues to attract new projects. Currently, over 100 projects are developing on Etherlink, solidifying its position as a prime destination for Web3 gaming, NFT marketplaces, and blockchain-powered digital experiences. DeFi on Tezos Expands The total value locked (TVL) in USD rose by 6% QoQ in Q4 2024, closing at $53 million. However, this growth stemmed from XTZ’s rising price, as TVL in XTZ terms actually fell by 37% compared to last quarter. At the same time, Etherlink’s TVL surged past $1.5 million, nearly doubling from Q3 levels. This suggests that liquidity is migrating from Tezos to Etherlink amidst a growing adoption of Layer 2 solutions. Youves, a decentralized synthetic assets application, topped in terms of TVL among Tezos protocols and holds over $32 million, which marked a 28% growth from Q3. Sirius, an XTZ/tzBTC liquidity-baking protocol, ranked second with $9.8 million, followed by Kord.Fi, another liquidity-baking platform, with $5.91 million in TVL. The post Tezos Sees Rising Revenue but Declining Activity as Users Shift to Layer 2 appeared first on CryptoPotato .
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Ethereum Price Prediction: Can ETH Make Another Rally to $8,000? Depends On Viral ERC-20 Altcoin
The success of innovative ERC-20 projects, such as DTX Exchange ($DTX), which offers a hybrid trading platform with features like 1000x leverage and non-custodial wallets, could significantly influence Ethereum’s growth trajectory. The question is – can they push Ethereum to reach its $8000 goal? On the other hand, PlutoChain ($PLUTO) , a hybrid Layer 2 solution could enhance Bitcoin by enabling smart contracts and decentralized applications, potentially reducing reliance on Ethereum. Can ETH Hit $8,000? The Viral ERC-20 Altcoin That Could Make or Break Ethereum’s Rally Ethereum’s potential rally to $8,000 may hinge on the performance of emerging ERC-20 tokens like DTX Exchange ($DTX) and others. Analysts highlight that DTX’s innovative hybrid trading platform, which combines centralized and decentralized finance elements, could significantly influence Ethereum’s value. As DTX gains traction, it may drive increased activity on the Ethereum network, thereby boosting ETH’s price. And so could other viral coins – it might compound over time. However, the success of such tokens is uncertain and could either propel or hinder Ethereum’s ascent to the $8,000 mark. Taking all of that into account, Ethereum’s average price is forecasted to be $4,330. If institutional adoption accelerates, ETH may hit the stretched predicted price of $6,660 – $7,770 – courtesy of InvestingHaven . Unlocking DeFi Potential – PlutoChain’s Potential Impact on Bitcoin’s Network Bitcoin has long been a fortress of security, but its functionality has lagged behind newer blockchains. PlutoChain ($PLUTO) wants to change that. As a hybrid Layer-2 solution, it plans to bring smart contracts, DeFi, NFTs, and AI-driven applications to Bitcoin – without relying on Ethereum or Solana. This innovation could transform Bitcoin from a passive store of value into a thriving ecosystem. Through its innovative hybrid Layer-2 solution, it could solve Bitcoin’s problematic 10-minute average block time. By offering a faster block time of just two seconds, PlutoChain could make Bitcoin faster and more scalable. Its Ethereum Virtual Machine (EVM) compatibility could allow Ethereum-based applications to migrate seamlessly, potentially bridging two of the largest crypto networks. This might unlock a new era for Bitcoin-based DeFi, providing developers with an alternative that combines Ethereum’s flexibility with Bitcoin’s unmatched security. PlutoChain’s testnet is already processing 43,200 daily transactions, proving its real-world potential. With community governance at its core, users could be able to influence the network’s future, ensuring decentralized decision-making. The project has also passed rigorous audits from SolidProof , QuillAudits , and Assure DeFi , reinforcing trust among users and developers. Bitcoin’s DeFi market remains underdeveloped, capturing just 0.13% of its market cap. PlutoChain aims to change that. By enabling smart contracts and dApps on Bitcoin’s infrastructure it could reshape the blockchain landscape. Final Words Ethereum’s push to $8,000 could depend on the success of ERC-20 tokens like DTX Exchange and others, which could boost network activity. However, PlutoChain could emerge as a game-changer, aiming to bring smart contracts and DeFi to Bitcoin, potentially challenging Ethereum’s dominance. With faster block times and EVM compatibility, PlutoChain could bridge Bitcoin and Ethereum, unlocking Bitcoin’s DeFi potential. Its growing transaction volume and strong audits signal real-world viability. ————- Please keep in mind that this article is not financial advice. All crypto tokens are volatile, and trading involves risk. Always do your own research and consult a qualified expert before joining any crypto venture. Mention of any tokens in this article does not guarantee future performance. Statements regarding the future carry risks and are not assured to be updated. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato
February Forecast: Bitcoin Price Insights Spark Excitement
February may show promising performance for Bitcoin based on historical data. Expert insights suggest cautious strategies amidst market fluctuations. Continue Reading: February Forecast: Bitcoin Price Insights Spark Excitement The post February Forecast: Bitcoin Price Insights Spark Excitement appeared first on COINTURK NEWS . Crypto Potato
