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

Blockchain analytics firm Messari’s Q1 2025 report highlights significant changes to Bitcoin’s Rootstock sidechain, including a record-breaking merged mining participation rate of 81%, up from 56.4% in the previous quarter. This follows the integration of Foundry, the largest Bitcoin mining pool. Transaction costs on the network have dropped by 60% thanks to the combined efforts of key players and mining partners, making the service more accessible to users. The report also notes the successful rollout of the Lovell 7.0.0 update, which improved EVM compatibility, and the integration of Layerzero, which makes it easier to move assets between chains. Despite these gains, Rootstock experienced a 24% decline in on-chain revenue, driven by falling transaction fees and a significant drop in user activity, with active addresses down 26.5% and new addresses down 55.7%.

Source: cryptonews.net