fbpx
10.03.2021

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

February was packed with events, though Edo remained on top throughout the month.

This February proved quite eventful for the Tezos Ukraine team as well. We have published the free course on the development of smart contracts on Tezos; had a workshop dedicated to it as well as three more workshops to prepare the participants for the upcoming hackathon; and, finally, the #TezosDeFiHackathon itself. Let’s dive into it!

Technology

Voting on the transfer to Edo was the highlight of February. Now, Tezos has Sapling for anonymity, tickets for permission governance and asset representation, and a fifth phase of introducing protocol amendments mitigating risks and shrinking stakeholder expenses when subsequent updates are rolled out.

Hardly a week after the approval of Edo, a discussion on Florence, the sixth update, has kicked off. Thanks to Edo, its implementation could take around 71 days instead of 92.

Network

In February, the Tezos network has updated its historical record of smart contract calls and the use of paid vaults. The TezTracker data for the month also hint at the network activity growth:

  1. Number of transactions: 144428.
  2. Sum of transactions: 585 875 564 tez.
  3. Number of addresses with a balance distinct from zero: 1059324.
  4. Number of active addresses: 64051.

Our expectations have proved right: in February, the number of addresses with a balance distinct from zero has surpassed the one million mark.

Technology News

February kicked off with the release of the dApp framework Open Minter v.0.1 which enables the creation of NFTs and browsing them in your wallet. It has had three updates during the month: v0.1.1, v0.1.2, and v0.2.0.

Bender Labs presented their version 1.0 whitepaper for the Wrap protocol, which acts as a bridge between Ethereum and Tezos for ERC20 and NFT tokens.

TQ Tezos has published an update for Homebase, a UI for the creation of DAOs using the BaseDAO framework. This month’s update has new features and new types of DAOs.

Nomadic Labs have announced the work on the consensus algorithm Tenderbake of the BFT consensus family seeking to replace Emmy+, which belongs to the family of Nakamoto algorithms.

Spruce has presented the native mobile wallet Credible v.0.1 for W3C account monitoring data and decentralized identifiers based on DIDKit and Flutter.

Economy

This month, XTZ price and turnover continued to grow. Even though the growth has not been as impressive as back in January, it is still pretty good.

The XTZ price has gained 19.5% in February (against 41% in January), from $2.81 to $3.36. The exchange turnover has doubled in February (against the 140% growth in January), from $230.9 million to $466.6 million. The most active trading pairs for XTZ were XTZ/USDT, XTZ/BTC, and XTZ/USD.

Ecosystem News

DeFi on Tezos now has another basic unit, which is stablecoins. The mainnet has seen the launch of the non-custodial stablecoin Kolibri and the deployment of contracts of the custodial stablecoin Stably. The ecosystem was quick to respond: Atomex already supports kUSD by Kolibri, and SUSD by Stably is already in the Temple wallet (ex-Thanos).

February was packed with NFT-related news:

  1. The first NFT auction on Tezos, tzcolors, has been officially launched. The AirGap team has made over 20,000 tez selling NFTs of different colors.
  2. The developers have announced an NFT marketplace, TezAuction, that would enable selling NFTs via different kinds of auctions.
  3. The venture fund Draper Goren Holm has invested in the NFT marketplace Kalamint. Initially, the marketplace’s launch was scheduled to happen on February 18 but the team opted to postpone it. Nonetheless, the Kalamint contracts are already on the mainnet, and all that is left is to improve the UI.
  4. The NFT marketplace OpenSea has announced it will integrate Tezos. The world’s oldest and biggest marketplace will now feature NFTs created on the Tezos blockchain.
  5. Three out of six winners of the Tezos DeFi Hackathon (Dich, The Buttonists, and PlugTruck) have received a reward for their NFT projects. At least 8 out of 22 projects featured at the hackathon were somehow related to NFTs.

NFT projects on Tezos have grown so popular that we are preparing a big article on the topic.

Here is some news on the new players in XTZ staking: GMO Coin will provide XTZ staking services; Blockchain Group has joined the Tezos ecosystem as a corporate baker; non-custodial staking of XTZ is now available to BRD users.

It is now easier to purchase XTZ. The wallets Sylo Smart Wallet and Magma Wallet now feature an option to buy XTZ with a debit card. The same option is available in Simplex.

Community

The January winners of Tezos Community Rewards have been announced. The program sees up to 5,000 tez distributed monthly in 17 nominations. There are different ways to contribute to Tezos, and everyone can find something they are good at. If you think somebody deserves the reward, including yourself, please fill in the nomination form for the next month.

This February proved quite eventful for the Tezos Ukraine team as well. We have published the free course on the development of smart contracts on Tezos; had a workshop dedicated to it as well as three more workshops to prepare the participants for the upcoming hackathon; and, finally, the #TezosDeFiHackathon itself. It was really cool, so we would like to thank the Tezos community and everyone involved in our events. You are the best! We couldn’t have made it without your help.

Join the Tezos community in our social media channels:

  1. Telegram channel
  2. Facebook
  3. Twitter in Russian and Ukrainian
  4. Twitter in English
  5. YouTube channel
  6. Instagram
  7. LinkedIn
  8. hub at ForkLog

Ready to work with Tezos Ukraine?

Contact Us