Rootstock Achieved Record Merged Mining Participation Despite Declining User Activity in Q1

In its Q1 2025 report, blockchain intelligence firm Messari highlights important developments in Rootstock, a bitcoin sidechain, together with a record-high merged mining participation fee of 81%, up from 56.4% within the earlier quarter. This got here following the mixing of Foundry, the biggest bitcoin mining pool. Transaction prices on the community dropped by 60% on account of collaborative efforts amongst core contributors and mining companions, enhancing consumer affordability. The report additionally notes the profitable implementation of the Lovell 7.0.0 improve, which improved EVM compatibility, and the mixing of Layerzero, facilitating cross-chain asset transfers. Regardless of these developments, Rootstock skilled a 24% decline in onchain income, attributed to lowered transaction charges and a big drop in consumer exercise, with energetic addresses falling by 26.5% and new addresses by 55.7%.