![Will Tezos [XTZ] continue to depend on NFT and DEX activity](https://i.headtopics.com/images/2023/4/24/cryptoamb/will-tezos-xtz-continue-to-depend-on-nft-and-dex-a-will-tezos-xtz-continue-to-depend-on-nft-and-dex-a-1650598738384023553.webp)
The incorporation of the ZK and optimistic rollups have the potential to strengthen Tezos' growth scheme. But there may be other factors in play.
According to the crypto research firm, the NFT sales which peaked in the fourth quarter of 2022, again stabilized in Q1 2023.
Additionally, the launch of Decentralized Exchanges like Dexter, Plenty, and Quipuswap further strengthened Tezos’ position as a blockchain for DeFi activity.Source: Messari “The TVL denominated in USD rose 76% QoQ from $52 million to $92 million, while the TVL denominated in XTZ increased 24% QoQ from 68 million to 84 million, setting another all-time high”However, there were varying outcomes for Tezos on other branches of its use cases and applications. For one, the smart contracts call from the NFT and gaming sectors dropped.
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