Research Summary
The report discusses the progress of Tezos in Q2 2023. Tezos has made significant strides in its rollup infrastructure roadmap, introducing WASM rollups and an EVM-compatible rollup on testnet. The 14th network upgrade, Nairobi, is now live, offering improvements such as increased TPS, new rollup functionality, and enhanced attestations. Tezos core developers unveiled the Data Availability Layer (DAL), which scales bandwidth and storage capacity. DeFi is gaining traction on Tezos, with the TVL nearly doubling in the past year. Several new DeFi protocols are nearing launch, including novel DEXs, lending protocols, and perps protocols. Tezos introduced the Tezos Ecosystem DAO to manage and distribute XTZ to support community initiatives.
Actionable Insights
- Monitor the progress of Tezos’ rollup infrastructure roadmap: Tezos is making significant strides in its rollup infrastructure roadmap, with the introduction of WASM rollups and an EVM-compatible rollup on testnet. Multiple teams have committed to building rollups, and core developers announced a strategic shift to hybrid optimistic/zk rollups.
- Keep an eye on the DeFi sector on Tezos: DeFi is gaining traction on Tezos, with the TVL nearly doubling in the past year. Several new DeFi protocols are nearing launch, including novel DEXs, lending protocols, and perps protocols.
- Follow the developments of the Tezos Ecosystem DAO: Tezos introduced the Tezos Ecosystem DAO, aimed at managing and distributing XTZ to support community initiatives. This DAO fosters community participation and contributes to the growth of the Tezos ecosystem.
- Track the advancements in Tezos’ network upgrades: The 14th network upgrade, Nairobi, is now live, offering notable improvements such as increased TPS, new rollup functionality, and enhanced attestations.
- Watch the development of the Data Availability Layer (DAL): Tezos core developers unveiled the DAL, which will operate in parallel with Tezos Layer-1. Leveraging Tezos validators, the DAL ensures data availability while scaling bandwidth and storage capacity.
