The Baking Sheet - Issue #46

April 30, 2021

Tezos reaches 1 million+ smart contract calls in April

Welcome to this week’s issue of The Baking Sheet!

With the rising popularity of the Clean NFT movement and growing DeFi traction on Tezos, contract calls and daily transactions have skyrocketed to new ATH levels. In this week’s issue, we’re going to go over why these statistics are eclipsing.

Tezos Ecosystem Insights

1.26M + Contract Calls in April (and growing)

Earlier in March, we had Charlie Wiser talk about his thoughts on the recent explosion of contract calls that we were witnessing at that time. Since that point in time, we’ve gone on to nearly 4x the levels of March.

As Charlie described:

This adoption can largely be attributed to the recent wave of Tezos-based products that have launched. Most notably, hic et nunc(which is Latin for “Here and Now”), absolutely blew up over the past two weeks. As the first NFT marketplace on Tezos, hic et nunc facilitated over 20,000 sales in its first 10 days and has gained adoption by a number of high-profile artists and creators. Additionally, The Alchememist’s NFT auctions, which are powered by OpenMinter, and tzcolors saw significant engagement. These sorts of early experiments are made possible by maturing community standards and wallets such as Kukai, which allows users to easily store, transact, and view their NFTs.

What we’ve begun to witness based on the statistics from better call dev, is a trend of nearly 4x increases each month since February. That trend is only being compounded by new DeFi launches and growing popularity of NFT’s on Tezos as Charlie alluded to previously.

So, what’s next? 

As things currently stand, there is only more and more momentum being garnered on both the NFT and DeFi front. With the recent launch of WRAP Protocol, TRUESY NFT platform, H=N (hic et nunc) growth, and others slated to take place soon - it’s safe to say that this current trajectory will only continue to grow in the future.

What is beginning to become clear is the various primitives put in place for DeFi applications have allowed for the advent of the new launches and protocols we’re witnessing today. When we couple this with another meteoric rise in smart contract deployments, there’s likely some things brewing.

What is beginning to become clear is the various primitives put in place for DeFi applications have allowed for the advent of the new launches and protocols we’re witnessing today. When we couple this with another meteoric rise in smart contract deployments, there’s likely some things brewing.

This Week in the Tezos Ecosystem

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This Week in Tezos Development

Reviewing changes and new features in the latest version of TzKT, free and open-source Tezos indexer, Tezos API and Tezos explorer

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Kukai 1.13 has now been released. The flow has been simplified so you can approve @hicetnunc2000 purchases with a single click.

The new release includes an update to Tezos 9.0. You will need this version for the upcoming protocol update.

Now Streaming

Trending on Tezos Agora

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Introducing RADION FM

RADION FM is a web-based that works on Tezos. It was created to decrease the disparity between corporate music and new music. RADION seeks to establish and popularize a “no custodian” payment struc…

Tezos NFT Gallery