🤖AI Summary
Tezos Q4 2025 saw the Quebec upgrade and strong Etherlink L2 growth capturing 26.4% of ecosystem TVL, but faced significant headwinds with XTZ falling 39.5% and DeFi TVL declining 32.3% in USD terms. The network's transition to an L2-centric architecture accelerated as Etherlink processed 596K daily transactions versus 43.2K on L1.
Key Takeaways
- →Quebec upgrade introduced adaptive issuance model to Tezos network.
- →Etherlink L2 achieved rapid growth, capturing 26.4% of total ecosystem TVL.
- →XTZ token declined 39.5% quarter-over-quarter despite technical progress.
- →DeFi TVL fell 32.3% in USD terms while stablecoin supply dropped 45.5% due to USDT depeg.
- →Network transition to L2-centric model evident with Etherlink processing 14x more transactions than L1.
Read Original →via Messari
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