Tezos (XTZ) rose +5.42% in the last 24 hours, reaching $0.6493 today, according to market data tracked this morning. The network’s team highlighted ongoing adoption of its Layer 2, Etherlink, as a key factor behind renewed ecosystem activity.
The move pushes Tezos’ market cap to $691.2M, placing it back among the stronger mid-cap performers this week. Developers say Etherlink’s EVM compatibility is accelerating real-world asset (RWA) use cases, with institutional partners testing tokenization pilots for commodities and financial instruments. Recent traction includes DeFi protocols expanding to Tezos and increased builder activity following the latest network upgrade.
Tezos core contributors signaled upcoming milestones for Etherlink, including further RWA integrations and new liquidity initiatives expected before year-end. Market participants will be watching whether continued adoption translates into sustained network usage and supports XTZ price stability.
Source: https://coinmarketcap.com/currencies/tezos/
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