rootstock（RSK）网络活动在Q1 2025中下降了24％QOQ

Rootstock是一款无许可的比特币Sidechain，该比特币于2018年1月推出了其主网。它旨在将智能合同功能带入比特币网络。

Key Takeaways

关键要点

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

*随着越来越多的合作伙伴加入合并采矿，砧木的交易费用继续减少。总收入下降了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%.

*平均每日交易增长了4.3％QOQ，但用户参与下降，活动地址下降了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.

*随着铸造厂和蜘蛛池的整合，合并的开采飙升了36.8％，将参与提高到81％。哈希功率也上升到740 EH/s。

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

*在另一个亮点中，由于协议级优化，气费显着降低。

* 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.

*经过强劲的第四季度性能，平均每日活动地址将QOQ的26.5％降至254，而新地址急剧下降了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.

*尽管地址活动的总体总体下降，但第1季度的日常活动地址短暂激增，3月28日达到1,052，可能是由梅森融资驱动的，使稳定的桥梁桥接到砧木。

* 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.

*交易吞吐量保持稳定，平均每日交易增加了4.3％，达到11,524，使第1季度的总交易量达到了104万略多。

* 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.

*交易量在整个季度都波动，2月25日的高峰使用率为24,107笔交易，3月21日的最低活动为7,781笔交易。

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

*最显着的结构转移是由于降低了汽油费。

Ecosystem and Development Overview

生态系统和发展概述

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

*与上一季度相比，RBTC的价格略有上涨，QOQ的价格上涨了5.5％，总网络收入也上涨。

* 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年表现出色之后，Rootstock的Defi生态系统看到了以BTC计数为主导的TVL的收缩，并且在第1季度2025年第1季度的USD术语下降了更为明显的下降。

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

*从1月1日到3月31日，TVL下降了7.2％，从2,363 BTC开始，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2.446亿美元的价格达到顶峰。这个高峰与BTC价格良好的势头相吻合，但没有持续。从3月初开始，BTC和USD TVL向下趋势，紧随整体市场趋势。

* 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.

*尽管从2024年第四季度下降，但在2025年第1季度开始时，USDT仍然是Staudstock上的主导地位，持有27.5％的市场份额，价值380万美元。

* 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，与上一季度相比，USDT拥有41.3％的市场份额，我们观察到网络上的Stablecoins多样化。在第一季度，没有一个单一的稳定股占30％以上的市场份额。

* 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景观中的多元化是一个积极的发展，因为它表明用户群更广泛，更具吸引力，这对于长期生态系统的增长至关重要。

* 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的总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尽管仍然是TVL最大的协议，但下降了10.5％，从1.112亿美元下降到9950万美元。

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

* Rootstock领先协议中TVL的收缩反映了更广泛的生态系统动力学，这表明低迷不仅限于孤立的项目。

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协议：跨链流动性协议Stargate于2025年1月宣布与Rootstock集成，以促进各种链条之间无缝的令牌转移和流动性。

* 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.

*钱包和其他：多链硬件钱包Enkrypt于2025年2月宣布对Rootstock生态系统的支持，为用户提供了一种安全便捷的方式，可以在Rootstock上管理其数字资产。

Merged Mining

合并的采矿

* 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，铸造厂是世界上最大的比特币采矿池，加入了Rootstock区块链上的合并采矿。第六大开采池Spiderpool也开始在连锁店合并采矿。

* 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.

*随着铸造厂的加入，合并的采矿参与率上升到81％，哈希功率达到740 EH/s。在上下文中，这超过了比特币网络的总哈希，该哈希币在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.

*哈希力量是区块链安全的一个关键方面，不同的采矿池中的更多参与可以增强砧木网络，以防止潜在的攻击。

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

*此外，在2025年初，前三名