The 2020 report on the growth of the entire Zilliqa ecosystem has just been shared by the company, containing all the figures of this blockchain.
📢We've DONE IT AGAIN, demonstrating staggering growth across ALL FRONTS in 2020.📢
🔖Details in our ecosystem report! https://t.co/GZ3cXDaKdY
📈Growth =Multiplied
🔄Ecosystem =Enriched
💻Tech =TremendousThe numbers speak for themselves & YOU are a big part of this! – AN pic.twitter.com/27M6Za1X84
— Zilliqa (@zilliqa) December 26, 2020
It is worth noting that the Zilliqa blockchain uses a system similar to PoS (Proof of Stake), or rather it is a hybrid system of consensus protocol that is a mix between PoW (Proof of Work) and PBFT (Practical Byzantine Fault Tolerance).
The report begins with words of gratitude from the most important members of this blockchain, namely the CSO, Amrit Kumar and co-CEO, Colin JG Miles, who above all thank the community for all the support given to this project over time.
Going into the heart of this 2020 report, the focus is on the ZIL crypto and its performance, seeing that in just a few months it has gone from a value of $0.003 to an impressive $0.04, an increase that has marked 2020 as a positive year.
In fact, as far as the price is concerned, in 2020 alone it increased by 319%, while volumes increased by 361% as did the market capitalization which went from just over $40 million to over $230 million today.
Relative to the famous crypto crash earlier this year, the value of the token has increased 1476%, compared to 419% for BTC and 568% for ETH, so it has performed better than both cryptocurrencies.
The partnerships of Zilliqa in 2020
In 2020, Zilliqa went from having 38 to 65 partnerships in just one year, almost doubling, partly due to the success of OpFi (Open Finance).
On the social side, Zilliqa’s YouTube channel increased by 46% compared to the previous year, with over 100 thousand followers, numbers also confirmed on Twitter and Reddit.
The launch of the Zeeves bot was also highlighted, with over 2,200 active users, more than 30,000 new registrations and more than 20,000 transactions executed through the bot, which helped participants pocket an impressive $53,000, thanks in part to the reward programme.
The Zilliqa blockchain
Monthly transactions have increased dramatically: we are talking about over 40% more transactions than a year ago, with a growth rate of 7.2 times in just one year.
In the 2020 report, a lot of space is also dedicated to the staking programme launched a couple of months ago, allowing people to put their ZIL to use. The programme has locked more than 4 billion ZIL, about 30% of the total supply, or about $207 million, with an average APY of 16%, generating more than 100,000 gZIL that have yielded nearly $10 million.
Interesting data also came from ZILSwap, a decentralized exchange (DEX) on Zilliqa’s blockchain, which totalled nearly $900k in liquidity, more than 4 million transactions and $750k in transactions with the XSGD stablecoin alone.
The ZILHive programme
There is also data on the ZILHive programme, which awarded 39 projects with $744,000 in 2020 alone, a programme aimed at creating new apps and uses that integrate and make use of this blockchain.
In short, 2020 has been a truly incredible year for Zilliqa, which will continue next year with the advent of other updates and projects that will expand throughout the course of 2021 and beyond.
