Messari.io
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13:00 May 14, 2025
Sia’s Q1 2025 was shaped by macro-driven headwinds in transaction volume, revenue, and market cap, yet showed signs of strengthening fundamentals. Network utilization climbed to a five-quarter high, supported by infrastructure upgrades and ecosystem tools ahead of the pivotal V2 hardfork. Core modules renterd, hostd, walletd, and explored received critical enhancements, while grant-funded projects advanced usability across mobile, web, and analytics. With the V2 upgrade slated for June, Sia enters the next quarter poised for renewed adoption and ecosystem growth.