Reportedly, the Tezos network has seen a tremendous growth in smart contract activity and general adoption over the past year, primarily driven by non-fungible tokens (NFTs). According to Coin Metrics, the number of transactions involving smart contracts has increased by more than 50,000 from less than 10,000 per day in January 2021. The report detailed that Active addresses reached an all-time high of over 45,000 while active smart contract addresses have tripled from under 200,000 to over 600,000 over the past 12 months.