Key InsightsRubic reached an all-time high volume of $226 million in Q4 2024, marking a 32% QoQ increase.Rubic processed over 650,000 transactions in Q4 (+110% QoQ), driven by increased activity on Taiko and Scroll.The launch of Rubic’s API enabled seamless cross-chain integration for crypto projects, with BestWallet and Holdstation Wallet as the first adopters. The API supports 90+ networks and 360+ providers.Rubic’s RBC token gained 72% in Q4, bringing its circulating market cap to $5.8 million (+86% QoQ), outperforming Ethereum (+28%) and Bitcoin (+48%).PrimerRubic (RBC) is a cross-chain bridge and DEX aggregator that finds optimal trading routes and competitive exchange rates across 90+ blockchains. It operates as a front-end application without external servers, routing swaps through existing bridges and DEXs via their APIs.By integrating over 360 bridges and DEXs, Rubic aggregates liquidity and executes swaps even if some exchanges go offline. It never holds user funds, with all transactions processed via API calls to smart contracts. This architecture reduces attack vectors like DDoS and enhances reliability. Rubic’s API, SDK and widget support over 130 crypto projects.Its system is built around three core SDK modules, external API providers, and an RPC node that facilitates cross-chain interactions. The cross-chain manager queries provider APIs and initiates transactions through Rubic’s smart contracts, which engage cross-chain bridges and DEXs. For EVM-based swaps, Rubic’s SDK leverages 1inch, OpenOcean, ODOS, XY Finance, and other integrated DEXs.In March, Rubic launched BestRateFinder, a MetaMask Snap that compares trades across 330+ DEXs in real time, eliminating the need for manual searches. In September, it introduced an API for external protocols, with BestWallet and Holdstation Wallet as the first integrators.Website / X (Twitter) / TelegramKey MetricsAnalysisRubic’s token (RBC) outperformed the broader crypto market in Q4 2024. Over the quarter, RBC’s circulating market cap rose by 86%, driven by a 72% price increase — from $0.018 to $0.03 — and annualized token emissions of 34%, which expanded the circulating supply from 183 million tokens to 198 million. This brought RBC’s market cap to $5.8 million, ranking it at 2,229 among digital assets. By comparison, Ethereum gained 28%, Bitcoin rose 48%, and other aggregator tokens like FLIP, BANANA, and 1INCH returned -21%, -18%, and +38%, respectively.RBC derives its utility from several features, including governance rights, fee sharing, and loyalty programs.Rubic set a new record in Q4 2024, routing over $226 million in volume — a 32% QoQ increase from $171 million in Q3. Measured on the target chain in cross-chain transactions, Base accounted for 22% of total cross-chain volume, followed by Ethereum, Arbitrum, and Solana with shares of 18.5%, 15%, and 9%, respectively. Measured by cross-chain volume, Ethereum was the most common source chain, while Base was the most common destination.Transaction volume wasn’t the only record Rubic set in Q4 2024. The protocol processed over 650,000 transactions during the quarter, a 110% QoQ increase that surpassed the previews record of 310,00 transactions in Q3 2024. Among origination chains, Optimism accounted for 18% of transactions, followed by Base with 16%.Monthly Active Users (MAU), which tracks unique wallets interacting with Rubic contracts, reached 58,538 in Q4 2024, an 18% QoQ increase from 49,659 in Q3. Activity peaked in October, likely due to the end of Rubic’s birthday campaign. After a dip in November, users picked up again in December following the launch of Rubic’s API.Additional DevelopmentsRubic continued expanding its trading capabilities and ecosystem integrations. New chain support, partnerships, and developer tools aimed to improve liquidity, user access, and cross-chain functionality while streamlining the developer experience.Rubic now supports trading on Sonic and Flare, broadening its reach across additional chains. To improve liquidity and routing options, the protocol partnered with Unizen, RetroBridge, and integrated Symbiosis for BTC swaps. The addition of Across Protocol expanded the list of available cross-chain swap providers. Bestwallet and Holdstation also integrated Rubic’s API, enabling seamless onchain swaps across multiple chains within its platform. To attract users and increase engagement, Rubic launched multiple campaigns. The biggest campaign of the quarter was Rubic’s 4th Anniversary Campaign on Layer3 with three weeks dedicated to Scroll, Taiko and Base, which encouraged onchain activities. A $50K raffle incentivized users to swap through Rubic and 10 other TON ecosystem projects via Galxe on the TON Voyage Quest. Rubic was also involved in the Gravity Chain Galxe Genesis, expanding its presence across incentive-driven initiatives.In the end of September, Rubic introduced a new API designed for web3 projects seeking to integrate cross-chain functionality. BestWallet and Holdstation Wallets became the first integrators, leveraging Rubic’s API to enhance its trading experience. The API provides developers with access to onchain and cross-chain swaps across 90+ networks and 360+ providers, offering a cost-effective solution for integrating multi-chain trading capabilities. By reducing development overhead and increasing interoperability, Rubic’s API lowers the barriers to entry for projects looking to add decentralized swapping to their platforms.Roadmap Rubic's 2025 roadmap includes advancements driven by chain abstraction. These aim to improve user experience, expand accessibility, and increase interoperability across blockchains.Gasless transactions are a key initiative. Users will be able to complete transactions without directly paying gas fees. Rubic will also introduce a multi-token selector for interacting with multiple assets at once. A fiat on-ramp solution will simplify fiat-to-crypto transitions, making it easier for users to enter the blockchain ecosystem.For interoperability, Rubic will integrate new networks, DEXs, and bridges, which increases liquidity and cross-chain capabilities. Chain and account abstraction will further simplify interactions across different blockchain networks. Intent aggregation will optimize transactions by analyzing multiple routes to find the best outcome.The interface will include charts, token analytics, trending assets, and gainers/losers tracking for better market insights. Rubic also plans to introduce AI agents for enhanced automation and better rates.To improve accessibility, Rubic is developing a mobile application and a Chrome extension.The Business Development team is working with wallets to integrate Rubic’s cross-chain tools, including the API.Closing SummaryRubic’s strong Q4 performance was marked by record-breaking transaction volume, increased user engagement, and the continued expansion of its trading infrastructure. The 32% QoQ growth in routed volume and 110% increase in transactions underscore the protocol’s growing adoption. The launch of Rubic’s API further positioned the protocol as a key player in cross-chain interoperability, lowering barriers for developers and enhancing the overall user experience. Meanwhile, campaigns and incentive programs helped drive activity, contributing to an 18% QoQ increase in Monthly Active Users.Looking ahead, Rubic’s roadmap prioritizes user experience enhancements via chain abstraction, broader accessibility, and better rates. Features like gasless transactions, a multi-token selector, and fiat on-ramping aim to simplify the trading experience. At the same time, upcoming integrations with additional chains, bridges, and DEXs will strengthen liquidity and interoperability. Developing a mobile app and Chrome extension will further expand Rubic’s accessibility, ensuring users can interact with the protocol across more platforms. With these advancements, Rubic is set to build on its momentum, expanding its reach and reinforcing its role in cross-chain interoperability.