XTZ Token Soars 42% After $30M DeFi Boost, Etherlink Launch, and Major Network Upgrades

Tezos (XTZUSDT) has experienced a significant price surge in the last 24 hours, rising 42.33% to $1.1042 on Binance. This sharp increase is primarily attributed to heightened institutional activity, a $30 million liquidity injection from recent DeFi upgrades, and the launch of new products on the Etherlink Layer 2 network, which have driven both trading volume and market interest. Additional support comes from the activation of the Rio and Mumbai upgrades, which improved staking flexibility and scalability, as well as positive sentiment following the passage of cryptocurrency-related legislation in the United States.

Currently, XTZUSDT is trading at $1.1042 with a notable 24-hour price change and increased trading volume, reflecting strong bullish momentum and elevated market activity.