TVL at all-time highs and revenue growth
The post TVL at all-time highs and revenue growth appeared on BitcoinEthereumNews.com.
The fourth quarter of 2024 marked a period of great growth for Rootstock, which reached its all-time high in terms of Total Value Locked (TVL) and recorded a significant increase in revenue on a year-over-year basis. The quarterly report published by Messari e RootstockLabs highlights key data that underline the expansion of the ecosystem and the strengthening of its flagship applications. A record quarter for Rootstock’s TVL The TVL of Rootstock reached a new all-time high in December 2024, reaching 254.9 million dollars. This figure represents a key indicator of the development of the platform’s DeFi ecosystem. The increase in TVL reflects greater confidence from users and investors, who continue to deposit assets within the protocol. During the quarter, the growth of TVL was primarily driven by the adoption of applications based on Rootstock, including MoneyOnChain, which experienced significant expansion. This trend highlights how blockchain continues to establish itself as an important infrastructure for decentralized finance. In particular, within the Rootstock ecosystem, MoneyOnChain has maintained its position as the most relevant application in terms of TVL, recording an increase of 38.83% on a quarterly basis. The value locked in the platform increased from 80.1 million dollars in Q3 to 111.2 million dollars in Q4, confirming the growing usage by users. Furthermore, the expansion of MoneyOnChain demonstrates the central role that stablecoin and decentralized lending protocols are assuming within the Rootstock ecosystem. The platform continues to attract users thanks to its innovative solutions and close integration with Bit coin, offering decentralized financing tools based on digital assets. The partnership with Alchemy strengthens the infrastructure of Rootstock Another significant development of the quarter was the collaboration between RootstockLabs and Alchemy, one of the leading blockchain development platforms. Alchemy provides advanced infrastructure, including APIs, node services, and developer tools, making interaction with…
Filed under: News - @ February 25, 2025 6:27 pm