Peter Zhang
Mar 11, 2026 22:53
Etherlink crosses 70 million transactions with 1.5 million addresses whereas launching Shadownet testnet and including Curve, Superlend to its rising DeFi stack.
Tezos’ EVM-compatible Layer 2 community Etherlink crossed 70 million transactions by late February 2026, sustaining 0.7-second block instances and fuel prices round one cent as its ecosystem expanded with new developer infrastructure and DeFi protocols.
The milestone, reached on February 23, got here alongside development to 1.5 million addresses on the community. For an L2 that solely went production-ready in February 2025 with a $3 million incentive program, the throughput numbers counsel the chain has discovered traction past preliminary launch hype.
Shadownet Goes Dwell for Lengthy-Time period Testing
On February 17, Etherlink launched Shadownet as its everlasting testnet atmosphere. In contrast to typical testnets that get wiped periodically, Shadownet tracks the present Tezos state and supplies builders with a persistent sandbox for constructing Etherlink-connected functions.
The testnet ships with a faucet for take a look at tez, public RPC endpoints, and rolling snapshots to simplify node setup. This issues for groups constructing extra complicated functions that want steady testing infrastructure slightly than scrambling earlier than every testnet reset.
Infrastructure Buildout Continues
February noticed a number of infrastructure additions that increase what’s doable on Etherlink. Goldsky added assist for its Mirror and Turbo merchandise on February 17, giving builders higher information tooling for constructing on the community.
Revoke.money, the token approval checker used throughout a number of EVM chains, built-in Etherlink assist on February 2. It is a small addition however alerts the community is getting the essential safety tooling that customers anticipate from mature chains.
On the institutional aspect, Blockfort launched its Swiss Digital Artwork Fortress for Tezos and Etherlink on February 11. The regulated platform presents NFT storage, visualization, minting, and custody—focusing on galleries and collectors who want greater than a sizzling pockets for his or her holdings.
DeFi Stack Takes Form
The initiatives constructing on Etherlink paint a clearer image of the place the chain is heading. Curve introduced its steady swap mannequin to the community, offering low-slippage buying and selling for correlated belongings. Superlend added lending and borrowing performance, letting customers earn yield on idle belongings or borrow in opposition to their positions.
New fiat on-ramps additionally went dwell. xU3O8 from Uranium.io grew to become purchasable by Ramp on February 12, adopted by Midas’ mMEV on February 18. Each assist card funds, Apple Pay, Google Pay, and SEPA transfers—decreasing friction for customers who need publicity with out navigating a number of exchanges.
ETHDenver Presence
Etherlink confirmed up at ETHDenver with a sales space that includes its “Proof of Velocity” problem, mechanical keyboard giveaways, and Uranium.io promotions. The Tezos Breakfast Membership meetup on February 17 introduced builders collectively throughout the convention week.
With sub-second finality and penny-level fuel prices, Etherlink is positioning itself as a performance-focused various in an more and more crowded L2 market. The subsequent few months will present whether or not the developer tooling and DeFi integrations translate into sustained person exercise past the preliminary transaction milestone.
Picture supply: Shutterstock
