Etherlink’s TVL has risen 12 times to more than $ 18 million, because the Apple Farm Incentive program accelerates the acceptance of ecosystem and Defi activity.
EtherlinkThe EVM-compatible layer 2 built on Tezos Smart Rollups, has seen considerable growth since the transition from his beta-acase in February. Central to this growth is the $ 3 million Apple farm Rewards Initiative, which has exceeded expectations by pushing the total value of Etherlink from $ 1.4 million to more than $ 18 million within a few weeks.
The Apple Farm program has played an important role in stimulating user involvement and transaction activities in the Dapps of Etherlink. Iguanadex, a decentralized exchange on the network, registered $ 150 million in trade volume while users pursue remuneration options and deal with arbitration trade.
“The success of Apple Farm shows the effectiveness of our approach to stimulation programs and the development of this ecosystem,” said David Rerkin, head of Defi for the Tezos Ecosystem, Nomadic Labs.
A recent Messari report Emphasizes the significant growth of the Etherlink -Ecosystem, and notes consistent growth of user accounts and transaction volumes, with more than 50 projects currently building on the platform. Defi Protocol Superlend has emerged as an important player in the ecosystem, with $ 16.93 million in deposits and $ 10.49 million in active loans.
The technical architecture of Etherlink has also seen remarkable upgrades. The Mars implementation of the Calypso network upgrade introduced 30x faster smart contract storage, a smaller disk footprint for operator nodes and increased resilience against network peaks. These improvements have been designed to support the growing transit and to clear the road for faster TEZ recordings between Ethherlink and Tezos.
Further expansion is expected after the launch of the 2025 cohort of the Fortify Labs program, organized by TZ APAC. The cohort comprises seven projects that mainly build on Etherlink, including Bluwhale AI (decentralized analyzes), IDRX (an Indonesian Rupiah-Pegia-Stablecoin) and Miomi game (an eSports platform).
