Osiris News extends its gratitude to the diligent researchers at Messari for their insightful look into GoPlus’s first quarter of 2025. It seems GoPlus, a company focused on keeping Web3 safe, had quite the eventful start to the year, a real mixed bag of ups and downs, if you ask me. They saw some big wins, like their ecosystem profit jumping way up, but also faced some bumps in the road, with certain usage numbers dipping a bit.
- GoPlus experienced a significant increase in ecosystem profit, jumping by 373.7% in Q1 2025, primarily driven by their security services.
- While profit soared, GoPlus also saw declines in some areas, including a drop in unique application IPs and active SecHubs.
- In response to a sharp price decline of their GPS token, GoPlus launched a recovery plan, including a compensation pool and token buyback program.
So, what exactly is GoPlus? Well, think of it like a digital bodyguard for the wild west of the internet, Web3. It’s a decentralized security network, which means it’s not run by one central group. Its job is to protect users and developers from bad actors. It does this by gathering and crunching real-time security data from all over the blockchain world, spotting risks before they cause trouble. They offer services like checking if a token is shady or if a transaction you’re about to make looks risky. It’s all about making sure your digital wallet doesn’t get a nasty surprise.
Now, let’s talk about the good stuff from Q1. GoPlus’s ecosystem profit, which is basically the money they make from their security services, shot up by a whopping 373.7%. That’s not a typo. It went from a little over $207,000 in the last quarter of 2024 to nearly a million dollars, $982,521, in Q1 2025. Imagine your lemonade stand suddenly making ten times more money. That’s a pretty sweet deal, isn’t it? Their average daily profit jumped from about $2,200 to over $10,900. That’s a serious climb.
Beyond the cash, some parts of their network saw more action. The volume of requests on certain blockchains grew. Solana, for example, saw a 31.1% increase in requests, and Base wasn’t far behind with a 28.7% jump. Avalanche and BNB Chain also saw healthy increases. It’s like some parts of their security system were buzzing with activity, handling more and more digital traffic. They’re clearly finding a footing on these chains, which is good news for anyone building or using apps there.
But, as with any good story, there’s always a “but.” While some areas grew, others saw a slowdown. The number of unique application IPs, which measures how many different digital addresses interacted with the GoPlus app, dropped by almost half. It went from nearly 180,000 daily down to about 94,000. And the active SecHubs, which are like customizable security centers for users, also saw a big drop, down 47.2%. It’s a bit like opening a bunch of new stores, but then seeing fewer customers walk through the doors of your existing ones. API query volume, which tracks calls to their security tools, also dipped by nearly 10%.
The blockchain request volume wasn’t all sunshine and rainbows either. While Solana and Base were up, Ethereum saw a significant drop of 34.1%. Polygon and Arbitrum also saw fewer requests. It’s a bit of a head-scratcher, isn’t it? You gain some ground here, lose some there. The GoPlus Chrome extension, which helps users spot phishing sites and risky transactions, also saw its active downloads fall by about 20%.
Then there’s the GPS token itself. It launched in January 2025, and by the end of Q1, its price had fallen by over 60% from its initial launch. Ouch. That’s a tough pill to swallow for early investors. It ended the quarter at $0.02 per token, with a market cap (the total value of all tokens) of $46.1 million. This kind of price dip can make a community a bit restless, and GoPlus certainly felt that heat.
In March, after the token’s price took a tumble following its listings on big exchanges, the community got a bit vocal. GoPlus responded quickly, denying they had sold any tokens. Then, they rolled out a five-part recovery plan, which was a pretty big deal. They set up a $2 million compensation pool for users, which they paid out fully. They also launched a $4.34 million token buyback program, buying back a hefty 122 million GPS tokens. It’s like when a company messes up, and then they send you a gift card and a heartfelt apology. It shows they’re listening, and they’re trying to make things right. They also promised more staking incentives and future airdrops, which are basically free tokens for loyal users.
Looking ahead, GoPlus laid out its 2025 roadmap in February, and it sounds pretty ambitious. They want to build a truly comprehensive decentralized security layer, covering every step of a transaction. They’re also keen on developing security for the booming world of AI (artificial intelligence) agents, making sure those smart programs don’t go rogue or get exploited. And they plan to expand their decentralized data and compute infrastructure, which is the backbone of their operations. It’s a lot of big ideas, but they’re clearly thinking about the future of digital safety.
Q1 wasn’t just about numbers; it was also packed with new developments and partnerships. They launched Locker v3, which lets projects lock up their tokens and liquidity (money in a pool) across different blockchains, and it quickly became a big part of their total locked value, holding $30.3 million. They also started letting users pay for security services directly with GPS tokens, which is a neat way to give the token more use. They teamed up with Binance Alpha and Story Protocol, and worked on integrating with various AI-native platforms. It seems they’re busy building bridges and making friends in the crypto space, which is always a good sign.
