The Baking Sheet - Issue #58

July 23, 2021

Another week in the record books for Tezos

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

We’ve witnessed the recent passing of protocol upgrade Granada and continued ecosystem-wide growth this past week. For this week’s issue, we’re going to delve into contract call growth and just what exactly Granada’s passing means for the Tezos network.

Ecosystem Insights: Enter Granada

Network growth and on-chain metrics have been on a continuous upward spiral for months now. In fact, on Wednesday we crossed the 10 million total contract calls threshold, with half of that number taking place all in the span of 2 months.

This growth has been centered around the culmination of numerous DeFi launches, NFT’s, and adoption abroad in other sectors.

However, when we scale the curtains back, none of the growth we’re witnessing today would have been possible without the numerous protocol upgrades we’ve witnessed activated onto the core protocol.

To grasp more of an idea and understanding of their significance, contract calls display an interesting trend in the charts.

When we look into these timescales and the specific features brought towards the core protocol post-activation, a few things begin to become clear. For Delphi, we saw gas optimizations and storage costs cut. Likewise, we began to witness the rise of several DeFi related projects and launches during this time such as Kolibri and others.

For Edo, we witnessed the introduction of an adoption period, sapling, and tickets. With tickets proving quite useful for NFT’s, we began to witness the creation of popular NFT platforms like H=N, and Kalamint around this time post-activation.

There’s a trend here that’s beginning to form. That trend centers around the availability of certain features that were either missing or completely non-existent - coming to the core protocol and opening the ecosystem up to applications/projects that couldn't have been created otherwise.

Thus, with the growth we’ve witnessed thus far and protocol upgrade Granada activated - it would not be faulty to consider the same trend continuing to play out as adoption continues to accelerate and more launches and network effects are beginning to form.

Granada’s passing also represents a novel way in which the Tezos governance mechanism can be used to incorporate features such as liquidity provisioning as a public good directly on the base layer protocol. To date, no other blockchain has been able to accomplish a feat such as this in a formal, well-defined and predictable manner.

While early, it will be interesting to see the potential effects of this public good within the Tezos network and the further gas optimizations and finality improvements.

What’s certain is that having sensible governance, a protocol that is built to last, and a vibrant and energetic community is beginning to challenge those on the other side of the equation.

Catch up on Granada

Towards the new era!

This Week in the Tezos Ecosystem

Congrats on Youves successful launch on Tezos!

More than 1.5 Million tez have already been locked in vaults & more than 1 Million uUSD are in circulation

To get a better understanding of youves check out the Quickstart Guide

With support for Tez (XTZ), we are delighted to provide Gemini users with access to one of the most vibrant crypto ecosystems.

Cosmos (Atom) and Tezos are now listed on Okcoin crypto exchange. Buy, Sell, and Trade XTZ and ATOM coins. Tezos staking available soon.

The ubinetic team develops a new type of oracle for Tezos. Alessandro De Carli talked with Tezos Ukraine about what makes their solution simpler than Harbinger and Chainlink, and ubinetic's backend works on regular smartphones.

This Week in Tezos Development

A new release candidate for Octez (10.0~rc2) is available. If this release candidate proves to be stable, it will be released as version 10.0.

We invite you to test this release candidate, for instance on the Granadanet…

Check out all the new features added to our full-stack dapp developing framework.

This will allow Umami to receive instructions from DApps. In other words, while you are using DApps — which must also integrated to the Beacon Protocol.

As you can see, we make major releases, although this does not happen often. This time, for a start, we want to share the statistics of our TezosNotifierBot

A summary of Nomadic Labs activities in Q2 2021

NFTs took off in a big way in the Tezos space in Q2. Hic et Nunc became one of the top NFT platforms on the Web, Kalamint had a successful launch, Formula One cars started featuring Tezos livery.

Short interview with Antonio Locascio, our new intern

Now Streaming

Trending on Tezos Agora

We’re thrilled to release our second Irmin public report! We’ll strive to publish these regularly, hopefully every month for the benefit of the Tezos Community. This month’s update is a summary of the work done by Taride…

Hi all,

Here is an FA 1.2 coded in isomorphic Python, it relies on Python’s native AST module and the excellent PyTezos:

What do you think?

Tezos NFT Gallery