The reduction in transaction costs managed to attract new users on the network and in retrospect, positively impacted the price. Further, earlier this month, Homebase – a protocol for building DAOs, was launched on the Tezos blockchain.

Now, this would allow users and developers to form several other entities using the network’s smart contract feature. Not to forget, asset loan services were also launched recently on the Tezos network via its partnership with DeFi platform EQIFI.