XTZ Token Soars 51% on Binance After Soft Staking Launch, $30M DeFi Boost, and Calypso Upgrade

Tezos (XTZUSDT) has experienced a significant price surge of 51.68% over the past 24 hours, with the current price on Binance at $1.1616, driven primarily by the introduction of soft staking on Binance, which allows users to earn rewards without locking up their tokens, and a $30 million liquidity boost from recent DeFi upgrades and new Etherlink Layer 2 products. Additional positive momentum has come from faster withdrawal times between Etherlink and Tezos, the Calypso upgrade improving data storage speeds, and favorable developments in U.S. cryptocurrency legislation, all contributing to increased investor confidence and trading activity.

The market for XTZUSDT has been highly volatile, with a 24-hour open of $0.7658 and trading volumes showing significant fluctuations across platforms, but Binance data confirms strong upward momentum and heightened trading activity in the last day.