Etherlink's TVL Explodes 12x to $18M: Apple Farm Program Fuels DeFi Frenzy!

Etherlink's Meteoric Rise: From Beta to Boom!

Etherlink, the sizzling EVM-compatible Layer 2 on Tezos Smart Rollups, has blasted off since shaking off its beta phase in February. The $3m Apple Farm rewards bonanza is crushing it, catapulting Etherlink's total value locked (TVL) from a measly $1.4 million to a jaw-dropping $18 million in mere weeks!

Apple Farm: The Secret Sauce Behind Etherlink's Surge

This Apple Farm program is the rocket fuel driving user engagement and transaction activity across Etherlink's dApps. IguanaDEX, the network's killer decentralized exchange, raked in a whopping $150 million in trading volume as users chased those sweet reward opportunities and dived into arbitrage trading like there's no tomorrow.

Tezos Bigwig: "Apple Farm is the Real Deal!"

"The success of Apple Farm is proof that we're nailing our incentive programs and building a powerhouse ecosystem," declares David Relkin, the DeFi maestro at Nomadic Labs in the Tezos universe.

Messari Report: Etherlink Ecosystem is On Fire!

A hot-off-the-press Messari report is singing praises for Etherlink's skyrocketing growth. User accounts and transaction volumes are popping off, with over 50 projects hustling to build on the platform. DeFi powerhouse Superlend is stealing the show, stacking up $16.93 million in deposits and $10.49 million in active loans like it's nothing.

Etherlink's Tech Gets a Supercharged Upgrade

Etherlink's tech wizards didn't stop there. The March rollout of the Calypso network upgrade is blowing minds with 30x faster smart contract storage, a leaner disk footprint for operator nodes, and beefed-up resilience to handle those network surges like a boss. These upgrades are all about cranking up throughput and setting the stage for lightning-fast tez withdrawals between Etherlink and Tezos.

2025 Fortify Labs Cohort: Etherlink's Next Big Thing

Get ready for more fireworks! The 2025 Fortify Labs program, hosted by TZ APAC, is bringing the heat with seven projects all about that Etherlink life. We're talking BluWhale AI (decentralized analytics that'll blow your mind), IDRX (an Indonesian Rupiah-pegged stablecoin ready to shake things up), and Miomi Game (an eSports platform that's about to change the game). Buckle up, folks, because Etherlink is just getting started!