Rootstock Bitcoin Mining Soars to All-Time High—Even as TVL Takes a Dive

Defying expectations, Rootstock’s Bitcoin mining operations just smashed records—proving once again that crypto metrics love to move in opposite directions.

While the network’s Total Value Locked (TVL) stumbles, miners are doubling down. Guess someone forgot to tell them ’correlation equals causation’ (or maybe they’re too busy counting sats).

Here’s the kicker: This surge comes amid broader market skepticism. Because nothing screams ’healthy ecosystem’ like mining rewards and DeFi metrics playing tug-of-war.

Messari described this growth as a sign that Rootstock is now in a “mature phase” of its merged mining journey, with stronger security and broader miner support. The report also revealed that the rise in mining happened alongside a 60% drop in transaction fees, which makes the platform more affordable and easier for users to access.

“As BTCFi continues to grow, Rootstock is well-positioned for broader adoption through Core upgrades like a 60% reduction in transaction fees,” said Messari analyst Andrew Yang.

The platform’s total value locked (TVL), which measures how much crypto is stored in DeFi apps, fell during the same period despite the mining success.

Bitcoin-denominated TVL dropped 7.2%, and TVL measured in US dollars fell 20% to $179.9 million, according to Messari’s data. TVL had briefly reached $244.6 million in January during a Bitcoin price surge but started dropping in March as the market cooled off.

Ethereum also saw a 27% TVL decline in Q1, influenced by the $1.4 billion Bybit hack and global market uncertainty, according to data from DappRadar. Stablecoins on Rootstock also shifted, with USDT (Tether) staying on top at $3.8 million and 27.5% market share, down from 41.3% the previous quarter.

By the end of the quarter, no single stablecoin held more than 30% of the total market on the platform. Whilst, user activity slowed down too. Active addresses dropped by 26.5%, and new address creation plunged by 54.7%. But daily transactions slightly ROSE by 4.3%, reaching 11,524 on average.

Rootstock also made tech upgrades, launching its Lovell 7.0.0 update for better Ethereum Virtual Machine (EVM) compatibility and faster smart contracts. The platform added integrations with LayerZero and Meson Finance, held a new hackathon, and improved its governance system, RootstockCollective.

Also Read: Jack Dorsey’s Block to Launch Open-Source bitcoin Mining Chip