3 reasons why Tezos (XTZ) price has gained 85% this month

The (ETH) network is currently the dominant layer-one protocol in terms of smart contract deployment and active users, but the race to become the ‘world’s computer' is far from settled because competing protocols are gaining traction by offering solutions to high transaction costs and slow confirmation times, the biggest problems facing the network.

One project that has been on the rise over the past month is Tezos, a proof-of-stake blockchain network that is designed to evolve over time without the needing to undergo a hard fork.

XTZ/USDT 4-hour chart. Source: TradingView
Tezos supply statistics. Source: TZStats