In terms of smart contract addresses and total number of active addresses, the Tezos (XTZ) network is expanding rapidly. The network appears to have benefited from an infusion of investors attracted to the network's continuous improvements aimed at bringing blockchain into the mainstream. According to CoinMetrics' latest 'State of the Network' issue, published on February 1, 2022, the number of Tezos smart contracts increased from roughly 200 to over 600.