Messari.io
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14:00 May 13, 2025
In Q1 2025, Tezos activated its 17th protocol upgrade, Quebec, reducing block times to 8 seconds and refining staking incentives via Adaptive Issuance. Layer 1 usage declined 27.3% QoQ, but Etherlink averaged 1.4 million monthly transactions and generated 10,302 XTZ in fees, surpassing L1 for the first time. Etherlink’s total value locked rose 6,200% QoQ to $10.8 million, driven by DeFi incentives and RWA deployments. Validator stake increased 9.5% to 97 million XTZ, while the network continued work on activating the Data Availability Layer and preparing for the next upgrade, “R.”