Etherlink Hits 70M Transactions, Expanding Tezos DeFi Ecosystem

Edgen Crypto

·Mar 11 2026, 23:35

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Key Takeaways

Etherlink, a Layer-2 network built on Tezos, has achieved significant network growth, signaling its increasing adoption and utility within the decentralized finance (DeFi) space. The platform is actively expanding its developer tools and integrating established DeFi protocols to bolster its competitive position.

Network Milestone: The Etherlink network processed over 70 million transactions from 1.5 million unique wallet addresses.
DeFi Integration: The platform strengthened its ecosystem by adding major DeFi applications, including Curve and Superlend.
Developer Expansion: A new Shadownet testnet was launched to provide a robust environment for developers building on the network.

Network Activity Exceeds 70M Transactions

On March 11, 2026, the Tezos-based Layer-2 network Etherlink surpassed a major operational milestone, recording over 70 million transactions. This activity originates from a rapidly growing user base, which now includes 1.5 million unique wallet addresses. The metrics indicate accelerating adoption and user engagement with the network, positioning Etherlink as a noteworthy contender in the competitive L2 market.

DeFi and Developer Tools Bolster Tezos L2

To drive further growth, Etherlink is strategically expanding its decentralized finance capabilities and developer resources. The network has successfully integrated cornerstone DeFi protocols Curve and Superlend, adding significant liquidity and lending options to its platform. In parallel, the launch of a new Shadownet testnet provides a dedicated, stable environment for developers to build and test new applications, aiming to attract more talent to the Tezos ecosystem and accelerate innovation.