The Etherlink ecosystem, built on Tezos technology, demonstrates significant growth following its beta exit and the Calypso upgrade. The Apple Farm rewards program has already shown remarkable results.
Apple Farm Program Boosts TVL
The Apple Farm rewards program, consisting of $3 million USD, has exceeded initial expectations. Etherlink's TVL has grown from $1.4 million to over $18 million in just a few weeks. Decentralized exchange IguanaDEX reported $150 million in trading volume as users create positions for Apple Farm rewards.
Calypso Upgrade Enhances Platform Performance
The Calypso upgrade, deployed in March, has delivered improved performance with up to 30 times faster smart contract storage. This supports the growth of transaction volumes on the platform, while maintaining stability and preparing the network for faster tez withdrawals between Etherlink and Tezos.
Etherlink Ecosystem Expands with New Projects
In the coming weeks, the Etherlink ecosystem is set to expand with the launch of the second round of the Fortify Labs program. The 2025 edition features a range of new projects, including BluWhale AI for decentralized data analytics and IDRX, a stablecoin pegged to the Indonesian Rupiah.
Overall, the successful Apple Farm program and the Calypso upgrade position Etherlink as a promising player in the DeFi sector. This indicates sustained growth and active community participation in the ecosystem.
