Tag Archives: declining

Tezos Sees Rising Revenue but Declining Activity as Users Shift to Layer 2

Tezos Sees Rising Revenue but Declining Activity as Users Shift to Layer 2

Tezos Layer 1 saw a 30.4% quarter-over-quarter (QoQ) rise in transaction fee revenue, reaching 11,100 XTZ in Q4 2024. Meanwhile, Etherlink, Tezos’ first EVM-compatible smart roll-up, grew even faster, with a 44% quarterly increase, hitting 6,669 XTZ. Despite this, the overall network activity on Tezos dropped by 5% during the same period, with monthly transactions and contract calls averaging 3.2 …

Read More »

Pudgy Penguins’ PENGU token rallies 13% despite declining NFT sales

Pudgy Penguins’ PENGU token rallies 13% despite declining NFT sales

Pudgy Penguins’ native token, PENGU, climbed 13% on Jan. 5, emerging as one of the top performers in the crypto market. At the time of publication, PENGU was trading at $0.040, marking a 250% surge since its launch on Dec. 17. Initially debuting with a market cap of $2.8 billion, the token has since dipped to $2.5 billion, according to …

Read More »