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Tuesday, July 9, 2024
HomeCryptoTezos (XTZ) Stunned Competitors With 558% Gain in This Index

Tezos (XTZ) Stunned Competitors With 558% Gain in This Index

The PoS layer 1 blockchain Tezos (XTZ) has been making a clear effort to revive its ecosystem. In its latest campaign to achieve this feat, the protocol disclosure One key figure shows the recovery is underway.

Game of Tezos achieve new achievements

In the protocol’s latest post on X, the protocol noted that its gaming ecosystem saw a 558% increase in active players. Given the metrics from analytics platform Messari, the feat is remarkable considering the frantic efforts to gain a foothold in several key areas that could drive network growth.

Some of the protocols driving the gaming revolution on Tezos include CoinBlast whose game Trivia Cash consistently records thousands of monthly active users. The game is said to have appeared on DAppRadar’s top 50 gaming protocols, marking widespread recognition.

With a 558% increase, the number of active gamers recorded in the first quarter was 97,000. This growth comes as major innovators on Tezos are showing flexibility in what they enable. For example, Tezos game developer Dragon Ninja launched an AI-driven roguelike game.

The integration of AI games is an innovation in the Play to Earn (P2E) gaming world, establishing Tezos for a niche market.

Overcoming obstacles

One of the key points of the Tezos ecosystem is how it integrates with partners in the Ethereum and Solana ecosystems.

Tezos’ growth this year has been somewhat dampened by a number of network glitches and hurdles. As previously reported, Nomadic Labs recently advised Tezos node operators to upgrade their systems to fix a critical bug.

System hacking remains one of the biggest obstacles to the growth of most protocols. While Tezos has had many warnings about hacking, there have been no major hacks recently.

At the time of writing, XTZ is trading at $0.71, up 0.07% over the last 24 hours.

XTZ 4-hour price chart | Source: TradingView

You can see the XTZ price here.

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According to UToday

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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