rootstock（RSK）網絡活動在Q1 2025中下降了24％QOQ

Rootstock是一款無許可的比特幣Sidechain，該比特幣於2018年1月推出了其主網。它旨在將智能合同功能帶入比特幣網絡。

Key Takeaways

關鍵要點

* As more partners join merge mining, transaction fees continue to decrease on Rootstock. Total revenue fell 24% qoq to 3.27 rBTC.

*隨著越來越多的合作夥伴加入合併採礦，砧木的交易費用繼續減少。總收入下降了24％QOQ至3.27 RBTC。

* Average daily transactions rose 4.3% qoq, but user participation declined, with active addresses down 26.5% and new addresses down 55.7%.

*平均每日交易增長了4.3％QOQ，但用戶參與下降，活動地址下降了26.5％，新地址下降了55.7％。

* Merged mining surged 36.8% as the integration of Foundry and SpiderPool boosted participation to 81%. Hashing power also rose to 740 EH/s.

*隨著鑄造廠和蜘蛛池的整合，合併的開採飆升了36.8％，將參與提高到81％。哈希功率也上升到740 EH/s。

* In another highlight, gas fees decreased significantly due to protocol-level optimizations.

*在另一個亮點中，由於協議級優化，氣費顯著降低。

* After a strong Q4 performance, average daily active addresses pulled back 26.5% qoq to 254, while new addresses dropped sharply by 54.7% qoq to an average of 23 per day.

*經過強勁的第四季度性能，平均每日活動地址將QOQ的26.5％降至254，而新地址急劇下降了54.7％的QOQ，平均每天23。

* Despite the overall decline in address activity, Q1 saw a brief surge in daily active addresses, peaking at 1,052 on March 28, likely driven by Meson Finance enabling stablecoin bridging to Rootstock.

*儘管地址活動的總體總體下降，但第1季度的日常活動地址短暫激增，3月28日達到1,052，可能是由梅森融資驅動的，使穩定的橋樑橋接到砧木。

* Transaction throughput remained steady, with a 4.3% increase in average daily transactions to 11,524, bringing the total transaction volume for Q1 to a little over 1.04 million.

*交易吞吐量保持穩定，平均每日交易增加了4.3％，達到11,524，使第1季度的總交易量達到了104萬略多。

* Transaction volumes fluctuated throughout the quarter, with peak usage recorded on February 25 at 24,107 transactions and the lowest activity on March 21 at 7,781 transactions.

*交易量在整個季度都波動，2月25日的高峰使用率為24,107筆交易，3月21日的最低活動為7,781筆交易。

* The most notable structural shift came with the reduction of gas fees.

*最顯著的結構轉移是由於降低了汽油費。

Ecosystem and Development Overview

生態系統和發展概述

* Rising slightly from the previous quarter, the price of rBTC went up 5.5% qoq, and total network revenue also increased.

*與上一季度相比，RBTC的價格略有上漲，QOQ的價格上漲了5.5％，總網絡收入也上漲。

* After a strong performance in 2024, Rootstock’s DeFi ecosystem saw a contraction in BTC-denominated TVL and a more pronounced decline in USD terms during Q1 2025.

*在2024年表現出色之後，Rootstock的Defi生態系統看到了以BTC計數為主導的TVL的收縮，並且在第1季度2025年第1季度的USD術語下降了更為明顯的下降。

* From January 1 to March 31, TVL dropped 7.2%, beginning the year at 2,363 BTC and decreasing to 2,193 BTC.

*從1月1日到3月31日，TVL下降了7.2％，從2,363 BTC開始，下降到2,193 BTC。

* In late January, USD TVL peaked at $244.6 million. This peak coincided with favorable BTC price momentum but was not sustained. From early March onward, BTC and USD TVL trended downward, closely following overall market trends.

* 1月下旬，USD TVL以2.446億美元的價格達到頂峰。這個高峰與BTC價格良好的勢頭相吻合，但沒有持續。從3月初開始，BTC和USD TVL向下趨勢，緊隨整體市場趨勢。

* Despite a decline from Q4 2024, USDT remained the dominant stablecoin on Rootstock at the start of Q1 2025, holding a 27.5% market share with $3.8 million in value.

*儘管從2024年第四季度下降，但在2025年第1季度開始時，USDT仍然是Staudstock上的主導地位，持有27.5％的市場份額，價值380萬美元。

* However, compared to the previous quarter, where USDT had a 41.3% market share, we observed a diversification of stablecoins on the network. No single stablecoin had over a 30% market share in Q1.

*但是，與上一季度相比，USDT擁有41.3％的市場份額，我們觀察到網絡上的Stablecoins多樣化。在第一季度，沒有一個單一的穩定股佔30％以上的市場份額。

* Diversification in the stablecoin landscape is a positive development as it indicates a broader and more engaged user base, which is crucial for long-term ecosystem growth.

* Stablecoin景觀中的多元化是一個積極的發展，因為它表明用戶群更廣泛，更具吸引力，這對於長期生態系統的增長至關重要。

* A 19.15% quarter-over-quarter decline in total TVL brought it to $179.9 million in Q1 2025.

*在2025年第1季度，TVL的總四分之一季度下降了19.15％。

* MoneyOnChain, despite remaining the largest protocol by TVL, saw a 10.5% decrease, dropping from $111.2 million to $99.5 million.

* MoneyOnchain儘管仍然是TVL最大的協議，但下降了10.5％，從1.112億美元下降到9950萬美元。

* The contraction in TVL across Rootstock’s leading protocols reflected broader ecosystem dynamics, suggesting that the downturn was not limited to isolated projects.

* Rootstock領先協議中TVL的收縮反映了更廣泛的生態系統動力學，這表明低迷不僅限於孤立的項目。

Integrations

集成

* DeFi protocols: Stargate, a cross-chain liquidity protocol, announced integration with Rootstock in January 2025 to facilitate seamless token transfers and liquidity across different chains.

* DEFI協議：跨鏈流動性協議Stargate於2025年1月宣布與Rootstock集成，以促進各種鏈條之間無縫的令牌轉移和流動性。

* Wallets and others: Enkrypt, a multi-chain hardware wallet, announced support for the Rootstock ecosystem in February 2025, providing users with a secure and convenient way to manage their digital assets on Rootstock.

*錢包和其他：多鏈硬件錢包Enkrypt於2025年2月宣布對Rootstock生態系統的支持，為用戶提供了一種安全便捷的方式，可以在Rootstock上管理其數字資產。

Merged Mining

合併的採礦

* In Q1 2025, Foundry, the world’s largest Bitcoin mining pool, joined merged mining on the Rootstock blockchain. SpiderPool, the sixth-largest mining pool, also began merging mining on the chain.

*在2025年第1季度，鑄造廠是世界上最大的比特幣採礦池，加入了Rootstock區塊鏈上的合併採礦。第六大開採池Spiderpool也開始在連鎖店合併採礦。

* With the addition of Foundry, merged mining participation rose to 81%, and hashing power reached 740 EH/s. For context, this surpasses the total hashrate of the Bitcoin network, which was around 690 EH/s in October 2024.

*隨著鑄造廠的加入，合併的採礦參與率上升到81％，哈希功率達到740 EH/s。在上下文中，這超過了比特幣網絡的總哈希，該哈希幣在2024年10月的690 EH/s左右。

* Hashing power is a crucial aspect of blockchain security, and greater participation from diverse mining pools strengthens the Rootstock network against potential attacks.

*哈希力量是區塊鏈安全的一個關鍵方面，不同的採礦池中的更多參與可以增強砧木網絡，以防止潛在的攻擊。

* Moreover, at the start of 2025, the top three contributors

*此外，在2025年初，前三名