Odaily Planet Daily News Messari released the LiquidityPoS (LPoS) Blockchain network Tezos (XTZ) Q4 2023 status report. The number of active Addresses for Tezos games increased by 358% QoQ, and the number of Smart Contract calls increased by 96% QoQ. This rise is driven by the launch of several new games, such as Q&A platform Coin Blast and AI racing game Track Mind. As of December 2023, Tezos ranks 30th with 250 developers, according to Electric Capital. In addition, XTZ's outstanding Market Cap increased 42% sequentially to $914 million.

Tezos (XTZ) Loses Momentum in Q2, Market Cap Drops 30% After SEC Crackdown According to a recent report by cryptocurrency research firm Messari, Tezos’ roadmap development has been progressing, with several new features and upgrades introduced to the network. In addition, Tezos core developers have introduced the Data Availability Layer (DAL), which runs in parallel with Tezos Layer-1, ensuring data availability while scaling bandwidth and storage capacity. To further support the growth of the Tezos ecosystem, the XTZ Ecosystem DAO was introduced to manage and distribute XTZ (Tezos' native token) to support community initiatives. However, despite a strong performance in Q1 2023, with market cap surging from $660m to $1.03bn (+55%), outperforming the broader market by 9%, the platform fell 30% sequentially in Q2, ending the quarter with a market cap to $720 million. Additionally, total cryptocurrency market capitalization rose 2% in the second quarter, driven by bitcoin and ethereum, which each gained 7% on the back of the launch of a bitcoin spot exchange-traded fund (ETF) and 6%. On the other hand, Tezos revenue, measured by total gas fees spent (excluding storage costs), fell 82% quarter-over-quarter in Q2, driven by a 79% drop in average transaction fees. The current price of XTZ is $0.8124, with an increase of 0.24% in the past 24 hours and a decrease of 2.06% in the past 7 days. XTZ has a 24-hour transaction volume of $15,383,765.48, indicating significant transaction activity on the Tezos network. (Data source: Ronaldo Marquez)

Golden Finance reported that Justin Bons, the founder of Cyber Capital, said on social media that Ethereum is facing a serious dilemma, and the large-scale misalignment of the incentive mechanism is the cause of deep corruption. Driven by Layer 2 pouring money into the ecosystem, it overwhelms Layer 1 money. The difference between millions and tens of billions is the reason why ETH abandons Layer 1 scaling, which is natural, and we should expect any systemic scale. The problem is, in this case, it led ETH to go the wrong way, which is why it is a perverse incentive for developers, influencers and leaders to earn more income in the short term by following the Layer 2 narrative, While Layer 2 earns more by supporting a narrative that limits Layer 1 capacity, supporting scaling exclusively through Layer 2 creates a clear conflict of interest between the long-term success of the Ethereum network and the short-term profits of Layer 2. I would suggest that Ethereum go back to Layer 1 scaling via Roll-ups or perform sharding, I should also mention ZKEVM, which is still under the radar of ETH developers and can scale to Layer 1. However, it is too far in development to be considered viable at this time. What we need is on-chain governance that directs funds from block rewards to decentralized vaults. This would create a Layer 1 leaning funding source capable of competing with opposing interests, an approach already tested by established public chains such as XTZ, DASH, and DCR.