CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

BTC Pulse 2025-05-08 18:43:00

Bitcoin DeFi Mining Soars as Rootstock Hits All-Time High in Merged Mining Despite TVL Dip

Rootstock Sees Record Merged Mining Growth in Q1 2025 Smart contract platform Rootstock reached a significant milestone in Q1 2025, achieving an all-time high of 81% merged mining participation—up from 56.4% in Q4 2024. This surge in network security came as major players Foundry and SpiderPool joined the merged mining effort, according to Messari’s inaugural “State of Rootstock” report. Hash power on Rootstock surpassed 740 exahashes per second, even eclipsing Bitcoin’s October 2024 total hashrate. Messari analysts now position Rootstock in a “mature phase” of merged mining, further establishing its place in the Bitcoin layer-2 ecosystem. The network also experienced a 60% decrease in transaction fees, further improving usability for developers and users. “As BTCFi expands, Rootstock is ready for increased adoption,” said Messari analyst Andrew Yang. TVL and User Metrics Decline Despite Mining Milestone While mining boomed, Rootstock’s decentralized finance ecosystem suffered. Dollar-denominated TVL dropped 20% quarter-on-quarter to $179.9 million, and BTC-denominated TVL dropped by 7.2%. TVL had previously surged to $244.6 million in January due to a Bitcoin rally but dropped steadily from March as the larger market cooled. Ethereum-based DeFi performed also poorly with a 27% Q1 decline, partly due to macroeconomic uncertainty and the $1.4 billion Bybit exploit, DappRadar reports . Rootstock’s stablecoin market also saw realignment. USDt remained at the top at $3.8 million worth but lost dominance, decreasing to 27.5% market share from 41.3% in Q4 2024. No single stablecoin topped 30% by quarter-end. User activity metrics showed this decrease: Active addresses decreased by 26.5% New addresses fell 54.7% Daily transactions rose 4.3% to 11,524 Development Progress and Ecosystem Growth Continue While DeFi performance eased, Rootstock continued down its technical and ecosystem tracks. Lovell 7.0.0 upgrade tightened Ethereum Virtual Machine (EVM) compatibility to further improve smart contract functionality. New LayerZero and Meson Finance integrations helped broaden Rootstock’s footprint. The platform also launched a hackathon and improved community governance through RootstockCollective updates. Bitcoin layer 2 evangelist Alexei Zamyatin stated, “First company in DeFi that brings an easy to use set of products on Bitcoin will capture the whole 300 million user market.”

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen