Rootstock strengthens the hashrate to share in 81% of the sum of bitcoin blockchain: mesari
A central participant is the rootstock, one of the oldest bitcoin Layer-2 projectsCrypto analytics firm Mesari said in the report “State of Rootstock”, published on Thursday.
Rootstock is now secured by 81% of Bitcoin’s total hashrate, which means miners worth the hashrate value also approved transactions in layer 2. The figure was only 56% before the onboarding of Foundry and Spiderpool, the largest and sixth largest mining, respectively, in February.
Messari also noted that Rootstock transaction fees were 95% cheaper than the average bitcoin transaction and 55% cheaper than those in Ethereum.
Rootstock is one of the many projects looking to bring greater utility to Bitcoin by expanding the provision for Defi with intelligent contracts, Powered by “Bitvmx”a modified version of BITVM Programming Language. Other well-known Bitcoin Layer-2 projects are included Stacks and Bob (“Build on bitcoin”).
The project is also there connected to the bridging protocol layerzero To enable rootstock-native applications to connect dozens of other blockchains, including Ethereum and Solana. Its momentum sets the stage for the growing BTCFI adoption in the remaining 2025, Messari said.
“As BTCFI continues to grow, Rootstock is well positioned for greater adoption by major upgrades such as a 60% reduction in transaction fees, in conjunction with the ongoing investment in builder education and incentive programs,” Messari’s analyst Andrew Yang said.
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