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In this article, Allen Walters reviews Tezos in 2021 and summarizes the big events that saw key metric growth rise exponentially and adoption span across multiple industries and sectors.
Image courtesy of the Tezos.com Illustration Library.
By: Lee Evans
1 January 2022
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Tezos In 2021
The Tezos ecosystem has shown a LOT of growth and adoption this year.
The total transaction volume has grown a lot to 8.9 million this month. https://tzstats.com/ (Which is 23 % of Ethereum’s transaction volume this month which hit 38 million transactions in December). https://etherscan.io/chart/tx
If we look at user interaction with smart contracts, we see an enormous increase in 2021. To measure this growth we look at contract calls, which are specific transactions that indicate an interaction with a smart contract. From 0.15 million mainnet transaction calls in January, to 5.5 million mainnet transaction calls in December. https://better-call.dev/stats/mainnet/general
The growth has been exponential and almost every month a new high was set. The activity can be traced back to a diverse amount of use-cases.
A 2021 summary
Household names have started building on Tezos : Ubisoft, Red Bull, McLaren, The Grammy Awards, Groupe Casino, Two Swiss cities, Two French cities, Whitney Houston, Doja Cat, Mike Shinoda (Linkin Park), Cambridge University, The Catholic Church, UN Migration Agency, The Whitworth Museum, Cushman & Wakefield, Deloitte, Société Générale, Norwegian Red Cross, Save the Children, United Nations Development Programme (UNDP), and more.
NFTs have shown to be a large factor in activity this year. This year we had 33 million contract calls on mainnet, 24.5 million transactions on mainnet were NFT related. Even the Roman Catholic Church launched an NFT on Tezos.
The list of dApp launches and real-life use-cases this year is diverse:
16 NFT platforms, 15 NFT gaming platforms, 7 DEXes, 18 DeFi applications, 3 native oracles, and real-world applications like voting solutions launched by authorities in France, Loyalty programs, Digital identity solutions, distributing of Covid relief funds in Swiss, a Hotel Booking Platform, an Asset Value Pricing Solution, Banking services integrating Tezos (STO’s and more), Intellectual Property Solutions, Marketplaces, Decentralized Carbon Credit Marketplace and others.
Protocol upgrades
Tezos on-chain governance mechanism continues to prove itself to be a valuable and unique tool to ensure decentralized core protocol upgrading
Other stats
The Tezos blockchain currently has 1,885,683 funded accounts and 100,127 active delegators. 73.57 % of the XTZ circulating supply is actively staked.
Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.
Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.
User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.
Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.
Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.
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Etherlink, the Tezos blockchain’s latest Layer 2 solution, is set to redefine the landscape of decentralized applications (DApps) with its upcoming mainnet launch in March 2024. This EVM-compatible, optimistic rollup distinguishes itself from other external Layer 2 platforms like Arbitrum, Optimism, and Polygon, due to its unique enshrinement within the Tezos blockchain.
Starting on December 6 with an exhibition, panels and performances at the Nautilus Hotel, curatorial platforms, partners and marketplaces from around the world will co-curate contemporary digital art minted on Tezos. Over 50 works will be shown, ranging from historical pieces to contemporary editions sold during the event, with a portion of the proceeds going to the Trevor Project, an American nonprofit organisation raising funds for suicide prevention amongst LGBTQ+ youth.
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