Tezos Monthly: Technology, Economy, and Community in August ‘21

Tezos Monthly: Technology, Economy, and Community in August ‘21

Granada’s effect on gas consumption, Tezos featured in a Nasdaq article, a meme instruction for rookie bakers, and other news of Tezos.

The monthly digest of the Tezos world tells the stories of technology, economy, and community.

Technology

Network metrics

Tezos network stats for August according to TzKT.io:

  • the number of transactions is up by 34%: from 3 992 391 to 6 068 404;
  • the monthly amount of transactions is up by 9%: from 723m tez to 798m tez;
  • the number of active addresses is up by 27%: from 163k to 224k.

In August, Tezos beat the record for using smart contracts. According to Better Call Dev, users called them 3,272,557 times, which is 18% more than in July. Also, Better Call Dev showcases how Granada reduced gas consumption by 3 times.

Granada reduced gas consumption by 3 times

Technology news

Nomadic Labs released Octez 10.2 featuring a new format for blockchain storage. The Store folder now takes 6 to 9 GB compared to 22-60 GB earlier.

Meanwhile, Marigold announced BLS Signatures, a digital signature system using elliptic curves. BLS public key has size of 32 bytes, while other popular cryptographic keys weight 2048 bytes or more.

Resources for devs

Clarus created coq-of-ocaml, a tool for formal verification of smart contracts in OCaml. Meanwhile, Baking Bad published an educational video on the backend development of blockchain apps with the DipDup framework.

Economy

Market metrics

The tez price has gone up by 92%: from $3,1 in early August to $5,97 at the August 29 peak. Daily volume has quadrupled from $110m to $400m. It peaked at $1.33bn over 24h.

Ecosystem news

Nasdaq published an article 5 Things to Know Before You Buy Tezos mentioning the interest of Swiss banks in Tezos, price growth, and staking. MadFish Solutions, meanwhile, have airdropped governance tokens QUIPU to users and liquidity providers at QuipuSwap.

The Buttonists team has launched NFT-marketplace NFT Button with a full-fledged secondary market and experimental auction type. Find more in NFT Button review.

The developers of Atomex have upgraded their project to Atomex v1.10. Now it supports FA 1.2, FA 2 and NFT tokens.

Community

Tezos Commons has announced July’s winners of Tezos Community Reward. One of the best memes of the month was about training for rookie bakers.

Training for rookie bakers

Meanwhile, Forbes issued an interview with the Tezos co-founder Kaitlyn Breitman. She talked about on-chain governance and specific features of Tezos. Meanwhile, Tezos Commons interviewed the CEO of DNS.xyz, a project set to create web3 profiles for Tezos users. He talked about the way profiles help build the community and why the team abandoned Ethereum in favour of Tezos.

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