Fuel | Crypto

In Q1 2025, Fuel navigated its first full quarter post-TGE by expanding its ecosystem, launching the FS-1 dApp Program, and rolling out a decentralized sequencer to improve network trustlessness and scalability. Despite a 79.8% drop in market cap and declining activity metrics, the network maintained an average of 128,000 daily transactions and supported over 70 live dApps. Key DeFi protocols like Mira Protocol and Swaylend continued to anchor the platform, with Mira driving over $164 million in cumulative DEX volume. Fuel also advanced its infrastructure with zero-knowledge settlement, low validator requirements, and support for shared sequencing across rollups, setting the stage for long-term adoption.