📢MESSARI REPORT: STATE OF FUEL Q1 2025 TL;DR📢
$FUEL @fuel_network
🔹Fuel (
$FUEL ) is an
#Ethereum Layer-2 powered by the FuelVM, built to enhance PSI (parallelization, state-minimized execution, interoperability).
🔹Fuel launched the FS-1 dApp Program on January 15, 2025, a strategic seasonal initiative to accelerate ecosystem growth by supporting six foundational projects. The program wrapped up Season 1 on March 3, 2025, driving developer engagement and expanding decentralized application diversity on
#Fuel Ignition.
🔹Fuel Ignition saw its daily average transactions normalize at 128,000, down 21.8% QoQ.
🔹Fuel’s Ignition’s leading DeFi applications, Swaylend and Mira Protocol, account for 90.7% of DeFi TVL.
🔹The project team launched a decentralized sequencer built with the Cosmos SDK, enhancing network resilience by eliminating single points of failure and enabling distributed transaction ordering. This implementation strengthens trustlessness, improves security, and sets the foundation for shared sequencing across multiple rollups.
🔹
@MiraProtocol has facilitated over $164.5 million in volume on
#Fuel Ignition since its launch. The daily average DEX volume was $745,173, down 45.5% QoQ.
🔹Ankr , a blockchain infrastructure provider, has integrated Fuel Ignition, a high-performance Ethereum Layer-2 solution, into its RPC services. This integration offers developers instant access to powerful RPCs, enabling them to build and scale projects more efficiently on Fuel's innovative platform.
🔹Fuel is partnered with OnlyDust for ODHack, an open-source competition in which developers can contribute to Fuel’s ecosystem. Top contributors across ODHack 12 and 13 have the potential to receive up to $15,000 in grants.
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#Fuel $FUEL @swaylend #Crypto #ETH #L2