Tezos Etherlink Activity Jumps 50% After Scaling Upgrades

Edgen Crypto·Mar 20 2026, 01:03

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Key Takeaways

Tezos's Etherlink Layer-2 solution experienced a significant surge in network activity during the fourth quarter of 2025, driven by recent scaling upgrades. A new Messari report highlights strong growth in transactions and user engagement, positioning the ecosystem for future expansion despite a continued decline in its native DeFi liquidity.

Etherlink's transaction volume increased by 50% quarter-over-quarter to 18.6 million in Q4 2025.
Daily active addresses on the network nearly doubled over the same period, reaching approximately 9,860.
The activity spike showcases the success of Tezos' technical upgrades, but the ecosystem must still overcome challenges related to its declining DeFi total value locked.

Etherlink Transactions Hit 18.6M in Q4 2025

Tezos's Etherlink execution layer registered a sharp acceleration in user engagement during the fourth quarter of 2025, according to a new report from Messari Research. The Layer-2 network processed 18.6 million transactions, marking a 50% increase from the previous quarter. This growth in throughput was accompanied by a surge in users, as daily active addresses nearly doubled over the same period to approximately 9,860.

Scaling Success Contrasts With DeFi Liquidity Drain

The spike in network activity points to the early success of recent scaling upgrades designed to boost Etherlink's capacity and performance. By improving throughput, Tezos is making its ecosystem more attractive for developers and decentralized applications that require low-cost, high-speed transactions. This technical progress is a key pillar for the platform's long-term growth ambitions as a competitive Layer 2.

However, this user growth on Etherlink occurs as the broader Tezos DeFi ecosystem faces headwinds. The Messari report also indicates that DeFi liquidity on the mainnet has continued to drift lower. This presents a critical challenge for Tezos: translating the rising on-chain activity and user engagement on its execution layer into a deeper, more liquid DeFi environment that can attract and retain capital.