Fuse 2025 Recap: Warming the Engines for 2026

2025 helped sharpen our priorities.

While infrastructure across crypto continued to expand rapidly, meaningful business adoption did not materialize in the way the industry broadly expected. The conclusion was straightforward: before businesses can reliably build on crypto, there must be sustained consumer demand. Without users, payments, and real activity, infrastructure alone does not translate into lasting value.

This insight reshaped our direction during 2025.

Rather than competing in an increasingly crowded field of L1s and L2s defined primarily by throughput and liquidity incentives, we chose to focus on owning the end-user experience. The proliferation of chains made one thing clear: launching a fast network and attracting short-term liquidity is no longer sufficient. Networks that capture users are the ones that ultimately create durable value for token holders.

This is why Solid was born. It serves as a direct showcase of Fuse’s consumer stack combining stablecoins, yield, payments, and self-custody into a product built for everyday use. We believe Fuse is well-positioned to benefit from the growing adoption of stablecoins and neobanking-style products, but only if we move decisively.

Solid: Shifting Toward Consumer Adoption

One of the most significant product milestones of 2025 was the rollout and expansion of Solid, a non-custodial neobank app vertically integrated on Fuse.

Solid introduced a simplified approach to on-chain yield by automating strategies behind the scenes while preserving self-custody and a streamlined user experience. The launch of the Solid Card, in partnership with Visa and Bridge, connected yield-bearing balances directly to everyday spending.

Key Solid Milestones in 2025:

• Launch of the Solid Virtual Card.
• Automated on-chain yield with full self-custody.
• $350K+ in TVL.
• 3,500+ users onboarded within the first months.
• Expanded fiat on-ramps and new currencies, including EUR and MXN.

Solid and Fuse demonstrate a core advantage of the Fuse stack: the ability to build consumer-facing, non-custodial financial interfaces that are ready for mainstream use. This reflects the original vision Fuse has been building toward for the past seven years, combining low-cost infrastructure, stablecoins, and payments into products designed for everyday users.

Looking ahead, we will be actively improving the UX/UI, exploring new partnerships designed to expand functionalities, deepen liquidity for the soUSD stablecoin, and deeper integration with Fuse to more directly align the network, the product, and long-term token value.

These steps are designed to ensure that Solid’s growth directly benefits the Fuse community and positions Solid as a core growth driver for the ecosystem in 2026.

Network Performance and Tokenomics

Alongside product development, Fuse continued strengthening the underlying network while improving long-term economic sustainability.

Network performance in 2025 included:

• Total transactions: 194,728,303
• Active wallets (daily avg): 11,273
• Verified contracts: 63,682
• Average transaction cost: 0.006 FUSE
• Total FUSE holders: 1,243,367

Tokenomics improvements included:

• Inflation reduced from 3% to 1.5% under FRC-02.
• Average block rewards reduced from 0.0327 FUSE in 2024 to 0.0144 FUSE in 2025.
• Staking rewards consolidated at ~6.8% APR by year-end.

These changes reflect a continued shift toward deflationary mechanics and issuance aligned with actual network usage. Live network statistics are available on the Fuse Explorer.

Voltage: Liquidity & Governance

Voltage remained Fuse’s liquidity and governance layer throughout 2025, with a focus on transparency and long-term participation.

Key developments included:

• Ongoing bi-weekly voting epochs and bribe markets.
• Expansion of trading pairs and lending markets, including support for soUSD.
• Continued VOLT burn mechanics tied to protocol activity.

By year-end:

• 428,542,411 VOLT had been burned.
• 24.92% of the 1.72B burn target was completed.
• veVOLT incentives were adjusted to better reward usage-driven participation.

These efforts strengthened the link between DEX liquidity incentives and real economic activity on the network.

Freedom World: Consumer Applications at Scale

Freedom World, developed by Bitazza and built on Fuse, continued scaling throughout 2025 as a consumer application focused on community engagement, missions, and location-based experiences.

2025 highlights:

• 131k app downloads across iOS and Android, +1188% YoY
• 842 new communities created
• 45.8k players and ~3.5M matches played
• 80k missions completed
• ~26k FDM/FDS holders
• 9.11M THB in in-app transaction value, +35.8% YoY

Freedom World demonstrates how Fuse infrastructure can support real-world consumer activity without exposing users to blockchain complexity.

Looking Ahead to 2026

2026 marks a structural transition for Fuse.

Solid moves to the center of the ecosystem, with Fuse evolving into the application chain purpose-built to support its growth. Product usage, network activity, and token economics move into closer alignment so that consumer adoption on Solid is reflected at the ecosystem level.

• Payments, stablecoins, and consumer finance remain the primary focus areas guiding development. Solid serves as the main gateway for everyday usage, liquidity formation, and transaction volume on Fuse.
• Scaling continues as an enabler. L2 migration efforts are designed to support consumer growth at higher volumes while maintaining low costs and predictable performance.
• Economic discipline remains a priority. Inflation reduction, ongoing VOLT burns, and improved alignment for validators and delegators continue as network usage grows.
• Several major updates are planned as these initiatives converge. More details will be shared as execution progresses.

Fuse is building toward a network where on-chain finance feels practical, reliable, and accessible for everyday users.

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

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