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 the blockchain more efficient.
This partnership aims to simplify the development of applications on Rootstock, improving scalability and accessibility for developers.
The integration of advanced tools allows new projects to be born and thrive, contributing to the overall growth of the ecosystem.
During the quarter, RootstockCollective also introduced the Collective Rewards program, an incentive mechanism designed to align the interests between developers and RIF holders.
Through this system, users can stake RIF to support the platform’s projects and interact with the Rootstock DAO.
In exchange, the stakers receive rewards in the form of rBTC and RIF, thus contributing to the growth of the ecosystem.
This incentive model aims to strengthen the Rootstock community, encouraging more active participation and supporting the development of new applications.
Exponential growth of revenues on an annual basis
One of the most significant aspects of the quarterly report is the 220.8% increase in revenue year-over-year.
Rootstock has seen its revenues grow from 112,400 dollars in 2023 to 360,400 dollars in 2024, indicating a significant expansion of economic activity on the platform.
This growth reflects the increase in the adoption and use of blockchain, with a growing number of transactions and interactions within the ecosystem. The increase in revenues represents a positive signal for the sustainability of the platform in the long term.
In other words, the fourth quarter of 2024 has consolidated Rootstock as a key player in the landscape of Bitcoin-compatible blockchains.
The achievement of a record TVL, the expansion of the main applications, and the increase in revenues demonstrate the solidity and growth of the ecosystem.
Strategic collaborations, such as the one with Alchemy, and the introduction of incentives for the community further strengthen Rootstock’s position.
With an increasingly solid foundation and growing adoption, the protocol continues to develop as one of the main solutions for DeFi on Bitcoin.
