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

In its Q1 2025 report, blockchain analytics firm Messari highlights significant changes in Bitcoin sidechain Rootstock, including historically high merged mining participation of 81%, up from 56.4% last quarter. This follows the integration of Foundry, the largest Bitcoin mining pool. Transaction costs on the network have fallen by 60% thanks to the combined efforts of key participants and mining partners, improving accessibility for users. The report also highlights the successful implementation of the Lovell 7.0.0 update, which improved EVM compatibility, and the integration of Layerzero, which facilitates cross-chain asset transfers. Despite these gains, Rootstock saw a 24% drop in on-chain revenue, driven by lower transaction fees and a sharp decline in user activity, with active addresses down 26.5% and new addresses down 55.7%.

Source: cryptonews.net