While XTZ value is currently lagging, we've seen another month where Tezos strengthed its technical position and increasing its network effect. Lets start with a recap of last months news:
- 2 Oct 2020: Venture Studio Draper-Goren-Holm (Billionaire Tim Draper) has invested in "Tezos Stable Technologies, Ltd."
- 5 Oct 2020: Tezos was used in a digital voting application by authorities in 3 French cities
- 9 Oct 2020: Tezos India joined forces with Tech Mahindra and Skoda Auto Digilab India in the Century Program, supported by Lumos Labs and Microsoft India. Goal: 100 ‘enterprise ready’ blockchain solutions in India.
- 10 Oct 2020: Werenode uses Tezos to create a sharing network for electrical vehicle charging points.
- 16 Oct 2020: Sword Group became a corporate baker in the Tezos LPoS ecosystem.
- 18 Oct 2020: Stable Tech announced Trustee Network: a governance network for all Stable Tech DeFi applications, including a hardcapped governance token called "Trustee network tokens" (TRU).
- 22 Oct 2020: OroPocket tokenized Gold and Silver on Tezos
- 24 Oct 2020: DealBox annaunced a launch date for a $25 mill STO on Tezos for Total Network Service (TNS): November
- 26 Oct 2020: Tezos Tenderbak testnet is up, improving scalability and the amount of transactions per second
- 29 Oct 2020: tZERO and Tynton Capital announced to tokenize $300 million worth of STO's on Tezos
- 30 Oct 2020: Taurus enabled secure Tezos staking infrastructure for institutional use-cases
- 31 Oct 2020: The Swiss city Wetzikon to issue Tezos-based tokens "Wetzikoins" to support local businesses
- 30 Oct 2020: The newest version of Tezos' Kukai wallet enables you to send XTZ to any Google, Reddit and Twitter account
Not bad for a month worth of news. Tezos on-chain statistics also continues to show impressive growth. Tezos smart contract usage increased again as can be seen on-chain where the amount of mainnet contract calls grew another 83%. This is the third consecutive month showing exponential growth.
If we look a bit more under the hood, we can see something that indicates an even brighter horizon: growth in dev activity on the three Tezos testnets. Signs of past growth in that department, resulted in the growth on mainnet activity we've seen in the past three months.
When building smart contracts, developers start out by deploying them on test nets. Tezos has Delphinet, Dalphanet and Carthagenet. On those test nets, last month we have seen 746 new deployments... On average per day. That is a total of 23.129 smart contract deployments in October. Which is a growth of 209% compared to last month. These deployments are from devs that work on Tezos dApps on various stages. Learning, experimenting, testing, and finalizing dApps. The key takeaway from these numbers is that the interest in Tezos grows.
Tezos continuous to establish itself as a no-nonsense chain for high value real world use-cases. It's trust-less, immutable, and decentralized. On-chain governance shows its strength again during this governance cycle and proofs its value while the fourth upgrade is about to be round up this month.
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