Etherlink TVL surges 12x as Apple Farm incentive program fuels ecosystem growth

Etherlink TVL has jumped 12 times to more than $ 18 million while the Apple Farm incentive program accelerates the adoption of ecosystems and DEFI activity.

EtherlinkDirection 2 compatible with EVM built on Tezos Smart Rollups, has experienced significant growth since the transition of its beta phase in February. At the heart of this growth is $ 3 million Apple farm Rewards Initiative, which has exceeded expectations by moving to the total value of Located Etherlink (TVL) of $ 1.4 million to more than $ 18 million in a few weeks.

The Apple Farm program has played a decisive role in conducting user engagement and transaction activity in Etherlink DAPPs. Igunadex, a decentralized scholarship on the network, recorded $ 150 million in the volume of negotiations, while users have sought reward opportunities and engaged in the arbitration trade.

“The success of Apple Farm demonstrates the effectiveness of our approach to the incentive programs and the development of this ecosystem,” said David Relkin, DEFI manager for the Tezos, Nomadic Labs ecosystem.

A recent Messari report Underlines the significant growth of the etherlink ecosystem, noting coherent growth in user accounts and transactions volumes, with more than 50 projects that are currently based on the platform. The DEFI Superlend protocol has become a key player in the ecosystem, raising $ 16.93 million in deposits and $ 10.49 million in active loans.

Etherlink’s technical architecture has also experienced notable upgrades. The deployment of Mars of the upgrading of the Calypso network has introduced a faster 30x smart contract storage, a smaller disk imprint for operators’ nodes and increased resilience to network overvoltages. These improvements are designed to support increasing speed and pave the way for faster tez withdrawals between Etherlink and Tezos.

An additional expansion is scheduled after the launch of the 2025 cohort of the Fortify Labs program, hosted by TZ APAC. The cohort includes seven projects mainly by relying on Etherlink, notably Bluwhale AI (decentralized Analytics), Idrx (a stablecoin game of Indonesian rupees) and Miomi Game (a Esports platform).