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December 15, 2021 by Lipika Deka
Tezos [XTZ] officially integrates with the leading crypto earning and borrowing marketplace Celsius as per the press release. The latest integration of Tezos into the lending platform adds to the growing desire for high-flying cryptocurrencies beyond the flagship assets- Bitcoin [BTC] and Ethereum [ETH]. According to the blog post, the altcoin which is built on a pioneering proof of stake [POS] protocol has proven to successfully upgrade itself to increase operational efficiencies. Further, it claims deployments on Tezos have increased by a whopping 15,000% in 2021 and the network has eclipsed nearly 50 million transactions.
In addition to that, the latest inclusion was made possible by the Tezos Israel adoption and innovation hub. In context with the Celsius network, the lending forum enables individuals’ to unbank themselves with compounding yield on crypto, as well as fee-free purchases and transactions’.
On top of that, in less than a year, the Celsius Network has grown its total asset holdings from $1 billion to over $28 billion. This asset growth trajectory continues with further addition close to $1billion a month in new assets, as the firm nears the number one position in total asset holdings in the crypto industry.
Tezos ETF launch- a testimony of its growing popularity
Earlier on December 13th this year, crypto-asset management firm ETC Group launched an institutional-grade Tezos exchange-traded product [ETP] on Europe’s Deutsche Börse XETRA under the token name EXTZ. The launch of EXTZ brings the native coin XTZ closer to investors located in 16 European Union countries as the institutional appetite for high-performing altcoin products rapidly rises.
Metachain spurs more Liquidity into Tezos Ecosystem
A few days ago, the proof of stake protocol has opened its arms to ShuttleOne – a unique Metachain project aimed at addressing the fragmentation issues in the crypto industry and add liquidity. For starters, Metachain is an infrastructure that unites all distributed ledgers and cryptocurrencies into an ultimate cross-chain protocol. The adoption of Tezos by ShuttleOne is marked by the upcoming launch of its native $SZO token on the XTZ blockchain on its Instaraise IDO platform.
In short, Tezos with its features such as low transaction fees, high-security standards, and self-amending nature has made it one of the most sought-after blockchain protocols for dApps and Web3.0 applications.