Fuse 2024: A Year of Growth, Innovation, and Milestones

2024 has been a groundbreaking year for Fuse and the users who make our ecosystem thrive. From network achievements and transformative partnerships to innovative product launches, we’ve reached new heights together.

Lets take a look back at everything we’ve accomplished and a glimpse into the exciting roadmap ahead.

2024 Network Stats 

This year, Fuse achieved significant network growth, breaking records and reinforcing our commitment to delivering fast, affordable, and reliable blockchain services:

• 33M+ transactions processed (18.6% increase from 2023)
• 423,481 new FUSE token holders (38.5% increase from 2023)
• 0.0034 FUSE ($0.00013) average transaction fee
• 99% transaction success rate 
• 30+ strategic partnerships
• Over 1.5M end users served by operators globally.

See more network stats at: https://explorer.fuse.io/ 

Main Achievements & Milestones

This year marked a transformative journey for Fuse, with several groundbreaking milestones that solidified our position as a leading blockchain for payments and Web3 business solutions.

Here’s a deeper look into what we achieved in 2024:

Fuse Ember L2 Network Progress

We made significant strides in transitioning Fuse to a zkEVM Layer 2 architecture using Polygon CDK. This upgrade represents a leap forward in scalability, privacy, and business integration for Web3. Key highlights include:

• Massive Scalability: Achieving 9,000 transactions per second (TPS) at a fraction of traditional costs.
• Enhanced Privacy: Integrating zero-knowledge proofs to enable private and secure transactions for businesses.
• Seamless Web3 Business Integration: Providing businesses with user-friendly tools to adopt and scale Web3 payments.
• Community Empowerment: Launching a community node sale to decentralize and strengthen the network.

As we prepare for the mainnet launch of Fuse Ember in 2025, these advancements position Fuse to lead as the blockchain built for payments, unlocking new opportunities for businesses and users alike.

New LST and LSR tokens 

Fuse introduced Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LSRs), including stETH, ultraETH, and ezETH. These integrations allow users to earn staking rewards while maintaining liquidity, enabling flexible financial strategies and greater participation in decentralized finance.

Voltage Finance: Pioneering DeFi Innovation on Fuse

Voltage Finance achieved a transformative year, emerging as a leader in DeFi innovation within the Fuse ecosystem. The platform underwent major upgrades, enhancing its offerings and usability for both businesses and individual users.

Voltage v3 introduced concentrated liquidity pools, enabling liquidity providers to achieve higher ROI and improved flexibility. These upgrades were accompanied by several milestones, including:

• Listing on AscendEX.
• MERKL integration, enhancing data efficiency and functionality.
• Simplified staking options for USDC and ETH.
• A growing community of 20,121 unique VOLT token holders.

Voltage also rolled out Volt 2.0, a complete overhaul of its mobile app and tokenomics. The update introduced:

• A deflationary token model to drive value.
• Enhanced governance features for more active user participation.
• A gamified points system, making DeFi more engaging and accessible.

Together, these advancements bridge the gap between traditional finance and Web3 payments, reinforcing Voltage’s role as a cornerstone of the Fuse ecosystem.

As part of its continued innovation, Voltage is teasing the launch of a Volt credit card, further simplifying on-chain and off-chain transactions. This product will provide businesses and users with a seamless bridge between traditional and Web3 financial systems, underscoring Voltage’s commitment to making DeFi accessible to all.

Bitget listing 

The listing of FUSE on Bitget, a leading cryptocurrency exchange, was another significant milestone. This addition amplifies the utility of FUSE and opens new opportunities for users to engage with the token. Bitget’s global reach helps extend Fuse’s visibility to new audiences, increasing adoption and liquidity.

The Graph’s Chain Integration Completed

Fuse completed its integration with The Graph’s decentralized network, a milestone that enhances our ecosystem’s data querying and indexing capabilities. Developers on Fuse now benefit from scalable, reliable, and cost-efficient tools that simplify building and accessing blockchain data. By bundling The Graph’s network query costs into our subscription plan, we’ve made it easier for businesses to harness this powerful infrastructure.

Key Partnerships of 2024

Fuse forged 30+ partnerships with projects and protocols to strengthen the ecosystem, including Etherspot, Utila, Sharemint, LogX, PayDece, Meridian, Lynx, OpenName, Gas.zip, Avail, Layer3, DementedGames, NexusPay, CoindPay, Claimr, Kima, Hyperlane, Lava, Thirdweb, Palmera, The Graph, Orbiter Finance, Radius, Push Protocol, Stargate.

These collaborations align with Fuse’s mission to be the blockchain for payments, enabling businesses to adopt scalable, efficient, and affordable solutions.

We are also closing several impactful partnerships in Q1:

• Nucleus: Integrated native yield-generating fUSD asset.
• Quicknode: Node rollup as a service integrated with Fuse Ember.
• Checkpoint: Strengthened security and compliance frameworks.
• Stargate & Algebra: Enhanced interoperability and liquidity solutions.

See more on our ecosystem page: https://www.fuse.io/ecosystem 

New Operators on Fuse

This year, Fuse welcomed a diverse group of operators, each contributing to the evolution of blockchain-based payments, finance, and digital ecosystems. These partnerships underscore the versatility of Fuse’s infrastructure and its ability to support groundbreaking innovations across industries. Here’s a closer look at the new operators that joined our network in 2024:

• Freedom Wallet: A loyalty platform for businesses with more than 700 communities and 800k+ users. Freedom Wallet empowers companies to engage customers with custom tokens and rewards, showcasing blockchain’s potential in driving customer retention and brand loyalty.

• Sanduk: Transforming mobile payments in Africa, Sanduk leverages Fuse to empower local economies with seamless and inclusive payment solutions, driving financial accessibility in underserved regions.
• Charge: Pioneering the concept of a Web3 merchant bank, Charge integrates traditional financial services with blockchain technology, enabling merchants to access advanced financial tools tailored for the Web3 economy.
• Shimi Cash: Simplifying cross-border cryptocurrency transactions, Shimi Cash provides an intuitive platform for individuals and businesses to send and receive digital payments efficiently and affordably.
• Coindpay: A leader in multichain decentralized finance, Coindpay combines DEX services, payments infrastructure, and compound finance to deliver a comprehensive ecosystem for users and businesses.
• Kinnect:  A cutting-edge multi-chain wallet, Kinnect enhances user interactions across the blockchain ecosystem, offering streamlined, secure, and intuitive functionality for digital asset management.
• Liqwith: Specializing in tokenizing financial products and real-world assets (RWAs), Liqwith provides SaaS solutions that enable businesses to unlock new revenue streams and tap into the power of blockchain-based asset management.

These operators highlight the growing appeal of Fuse as the blockchain built for payments and innovative financial applications. With each addition, Fuse continues to expand its ecosystem, offering businesses and users unparalleled opportunities to harness blockchain technology.

The Road Ahead: 2025 Vision

2025 promises to build on this momentum. In 2025 we will push the boundaries of what is possible with ZK payments and AI-powered agents for no-code, automated blockchain payments to empower businesses.

Our ultimate goal? Empower 2,000+ operators by 2026 and bring Web3 payments to businesses worldwide. Stay tuned for our 2025 roadmap coming soon!

2024 has been a defining year for Fuse. From advancing blockchain scalability with zkEVM to empowering businesses and users with innovative tools, we’re proud of the progress we’ve made together. As we look ahead to 2025, we’re excited to continue building the future of Web3 payments, guided by our mission to make blockchain accessible to everyone.

Join the Fuse journey today and help shape the future of payments.

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