The Tezos Network and its Silent Growth Over the Past Year
Despite its relatively recent foray into the DeFi space, Tezos has already begun attracting players into its ecosystem, and the number of XTZ tokens locked is close to the late 2021 ATH. A recent report from Tokeninsight informed that there're over 100 dApps on Tezos with a primary focus on DeFi or NFTs. The project also aims to become the home of many protocols focusing on GameFi and the Metaverse.
Another report from Coinmetrics outlined the substantial growth for the Tezos network in terms of activity and transaction count.One of the first came in April last year when the third-largest French banking organization - Societe Generale - tapped the Tezos blockchain to issue a structured product as a security token.
