Rootstock, a smart contract platform for Bitcoin's decentralized finance (DeFi), reported a notable increase in mining activity in Q1 2025, with participation in merged mining reaching an all-time high of 81%. This surge, up from 56.4% in Q4 2024, was spurred by the involvement of major mining pools like Foundry and SpiderPool. The increase boosted Rootstock's hash power to over 740 exahashes per second, establishing the network as more secure and transitioning it to a mature phase of merged mining growth. However, despite this mining milestone, Rootstock's total value locked (TVL) in Bitcoin-denominated assets fell by 7.2% quarter-over-quarter, reaching $179.9 million, while USD-denominated TVL dropped by 20%. Transaction fees decreased by 60%, enhancing user experience. Active addresses on Rootstock declined by 26.5%, with new addresses plunging by 54.7%, although daily transactions saw a slight increase of 4.3%. On the development front, Rootstock implemented a significant upgrade and expanded its ecosystem through new integrations and developer initiatives.

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