Welcome to the monthly Mezo Network Overview. Every month, we dive deep into the Mezo ecosystem to help you get up to speed on the network’s latest updates, metrics, developments and more. All in one place.
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Total value locked (TVL): $86.4M (+34.2%)
MUSD TVL: $4.3M (+20.5%)
Users (total addresses): 23.1K (+22.87%)
Mezo volume (30 day): $8.58M (-65.9%)
The metrics are accurate at the time of publication. The percentage change is over a 30-day period.
What Caught Our Eye This Month
Registration for the Mezo airdrop is now open. Rewards, also known as mats, can still be earned for locking veMEZO, bridging to the network, or engaging with liquidity pools.
Mezo partnered with Banxa to let users buy MUSD stablecoin with Apple Pay, Google Pay, or debit and credit cards without having to bridge to the network.
Thesis CEO and Mezo Founder Matt Luongo, and Anchorage Digital’s co-founder and CEO Nathan McCauley, spoke on Talking Tokens about their partnership to provide institutions access to bitcoin collateral, lending and borrowing
Inside The Network
In mid December, Mezo launched Mezo Earn, a Bitcoin-native incentive framework designed to enable self-custodial bitcoin holders to earn yield while retaining full price exposure.
The initiative employs bitcoin-denominated fees and a governed incentive system to direct liquidity toward productive areas of the network and support sustainable stablecoin yields. Returns are tied to actual network usage, such as borrowing, trading and settlement, to align yield with economic activity, unlike inflationary emissions, in which yield is paid by issuing new tokens.
At launch, Mezo Earn started with an initial cap of 50 bitcoin, which was reached within 24 hours. The network then expanded capacity to 100 bitcoin during its Prime Access phase, which was also fully allocated.
During this period, Mezo Swap, the network’s decentralized exchange, saw a TVL surge 300% to $6.3 million from $1.7 million before the launch.
Mezo Earn positions bitcoin as a productive asset that can generate yield and support short-term liquidity needs.
Expanding The Ecosystem
Applications for BitcoinFi Accelerator, a program for BTCfi startups by Boost VC, Draper Associates, Thesis and Supernormal Foundation, are now open. The program offers up to $150K in funding
Listen to Thesis CEO and Mezo Founder Matt Luongo explain how to build a bitcoin neobank and his plan to onboard bitcoiners to DeFi
Xeet has launched a gamified creator tournament that lets Mezo creators earn rewards for tweets about the ecosystem
Get active in the network
Want to dive deeper into the Mezo ecosystem?
Check out Mezo campaigns and complete quests to earn rewards
Bridge MUSD to Ethereum via Wormhole
Borrow MUSD against bitcoin at a fixed rate of 1% without having to sell your holdings
Catch you next month.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.