InfrastructureQuarterly Reports

State of GoPlus Q3 2025

Key Insights

  • The GoPlus team has launched the Transaction Simulation API, a multichain risk detection engine that enables real-time transaction analysis for wallets and applications.
  • Ecosystem profit rose +32.5% QoQ to $4.5 million, supported by growth in API query activity (+21.4%) and expanding Chrome extension adoption, offsetting slower new SecHub deployments as GoPlus diversified beyond its original framework.
  • Several key metrics declined QoQ in Q3, including market cap (−36.7%), token price (−60.9%), and average daily blockchain request volume (−15.3%).
  • GoPlus introduced the 500M GPS Security Fund, a dual staking-and-bounty model designed to reward user-led security contributions and establish market-driven pricing for onchain protection.
  • GoPlus broadened coverage to EIP-7702 and Sui Network, joined the BNB Kickstart Program as an official service provider, and registered its Security Whitepaper under the MiCAR framework, aligning with evolving regulatory standards and integrating into key L2 ecosystems.

Primer

GoPlus (GPS) is a user-driven security network designed to protect Web3 users and developers from the growing threats of scams, phishing attacks, and malicious token contracts. The platform operates on two core layers: the Security Data Layer and the Security Compute Layer, which aggregate, verify, and process real-time security data across multiple blockchains and decentralized applications. This architecture enables the detection and prevention of onchain risks, providing security services such as token analysis, phishing detection, and transaction risk assessments.

GoPlus’s SecWare protocol serves as a marketplace for developers to create and deploy modular security services (e.g., anti-scam and anti-phishing tools) within applications. Meanwhile, users can customize their security experience through SecHubs, which are personal security centers accessible via the GoPlus application. Other key tools include SecScan, which automates the detection of malicious tokens, and Mufuzz, an AI-powered fuzz testing engine designed to uncover vulnerabilities in smart contracts. Innovations like phishing site detection and address detection leverage advanced machine learning models to identify threats across onchain and offchain ecosystems.

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Key Metrics

Financial Analysis

Market Cap and Price

GoPlus’s market cap fell 36.7% QoQ from $46.2 million at the end of Q2 to $29.2 million at the end of Q3, while GPS’s token price decreased 60.9% from $0.0282 to $0.0111 over the same period, reflecting continued post-Q1 weakness and muted trading volumes. The discrepancy between market cap and price performance is attributable to an increase in circulating supply from ongoing token unlocks during the quarter.

Ecosystem Profit

Ecosystem Profit is derived from GoPlus’s suite of products, primarily through API calls and Chrome extension activity, as the protocol continues to diversify beyond its original SecHub framework. In Q3 2025, GoPlus’s cumulative ecosystem profit totaled $4.5 million, up 32.5% QoQ from $3.4 million in Q2. The average daily ecosystem profit rose meaningfully by 18.7% QoQ from $1,720 in Q2 to $2,050 in Q3, reflecting steady monetization growth despite a slowdown in new SecHub deployments stemming from the expansion of GoPlus’s offerings.

Network Analysis

API Query Volume

Daily Token-Security API Calls captures onchain and offchain data requests made through GoPlus’s developer and consumer endpoints, reflecting the protocol’s network usage and product adoption. In Q3 2025, average daily API query volume reached 31.7 million, up 21.4% QoQ from 26.1 million in Q2. Total quarterly queries surpassed 2.9 billion, marking GoPlus’s highest recorded usage to date as API and Chrome extension integrations continued to scale across partner ecosystems.

Blockchain Request Volume

Daily request volume captures blockchain-level interactions (e.g., transaction simulations and malicious-address checks) that occur within GoPlus’s network infrastructure and the automated processes that the protocol runs internally across supported blockchains. By contrast, authorized API request volume measures external activity, counting calls made by users, developers, or partner platforms directly to GoPlus’s public APIs and products.

In Q3 2025, aggregate blockchain request volume declined 15.3% QoQ from 981.2 million to 831.2 million. Pullbacks occurred on BNB Smart Chain (−24.2% to 299.8 million), Base (−31.0% to 155.1 million), and “Others” (−32.2% to 33.5 million). This was partially offset by requests on: Optimism (+42.1% to 11.2 million), Polygon (+23.1% to 37.1 million), Avalanche (+21.2% to 14.4 million), Arbitrum (+13.0% to 22.3 million), and Ethereum (+6.7% to 257.9 million). Despite Ethereum’s increase, the net decline was primarily driven by retracements on BNB, Base, and the networks in the “Others” category.

Qualitative Analysis

GoPlus-Transaction Simulation API

Amid rising transaction complexity and the proliferation of malicious actors in Web3, GoPlus launched its Transaction Simulation API, a lightweight, multichain, and real-time risk-detection engine designed to act as a security firewall for onchain activity. The API enables wallets, applications, and institutional systems to simulate transactions before signing, identifying vulnerabilities such as malicious contracts, drainer addresses, phishing URLs, and slippage manipulation. The service integrates static and dynamic analysis, address and token blacklists, and correlation-based threat detection across networks using the Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM). Its REST-based architecture allows for rapid deployment and low integration cost, making it suitable for both retail and enterprise use cases.

GoPlus 500M GPS Security Fund

Launched by GoPlus, the 500M GPS Token Security Fund establishes the first onchain market for security contributions. The fund allocates 400 million GPS to a staking rewards pool that offers yield, partner dividends, and token buybacks, and 100 million GPS to a bounty pool that compensates users and developers for verified risk alerts and security intelligence. Together, these pools form a self-reinforcing system: staking supports the GoPlus bounty economy, while verified contributions enable network trust and yield. This dual model aligns incentives across users and contributors, shifting value creation from speculation to real security utility as it aims to “make everyone a security contributor.”

General Development and Growth

Despite mixed performance metrics, GoPlus broadened its security coverage across multiple networks during Q3 in addition to further developments.

July:

  • Allocated 8.4% of the GPS total token supply from the foundation’s reserved holdings to community and ecosystem wallets.
  • Expanded GoPlus Intelligence coverage, which provides up-to-the-minute security intelligence and analysis for potential security risks, to HSKChain.
  • Partnerships with launchpad projects Clanker and Flap to integrate GoPlus’s security coverage in the token deployment process.
  • Partnership with SociaFi project Ads3 to enable ad campaign verification via GoPlus Intelligence.
  • GoPlus Locker was listed on the TokenPocket DAppStore. The GoPlus Locker is a unified portal for all token-locking solutions in the GoPlus ecosystem.

August

  • Conducted a hardware wallet review, finding respective strengths across the likes of SafePal and Keystone.
  • Upgraded the GoPlus website for improved accessibility, enabling users to check token security and access the GoPlus application.
  • Launched GoPlus Address Scan API, enabling risk behavior detection for specified wallet addresses. This service covers token approvals, transaction behavior, and stablecoin depegging. The GoPlus Address Scan API is designed to offer real-time risk identification capabilities for applications, wallets, and risk control systems.

September

  • Expanded GoPlus Transaction Simulation and extension coverage to EIP-7702, which enables externally owned accounts to temporarily act as smart contracts
  • Expanded GoPlus SafeToken Locker coverage to Sui Network. The SafeToken Locker is GoPlus’s smart-contract-based locking system that serves as a token-locking and security management platform.
  • Joined the BNB Kickstart Program as an Official Service Provider. Services from Official Service Providers are subsidized by BNB Chain for early-stage Web3 projects building on the network, so that they receive discounted access if accepted into the program.
  • Registered GoPlus Security Whitepaper under the MiCar Framework, the European Union’s legal framework for crypto asset governance.
  • Completed Phase 2 Airdrop of the GPS token, conducted as a part of GoPlus’s “irregular” or unscheduled airdrop campaign. Those who received the “irregular” airdrop were those who had utilized any of the products within the GoPlus Ecosystem. This was the second unscheduled airdrop of GoPlus’s campaign for the GPS token.

New Possibilities for Next

Over the past year, the GoPlus team has continued to build and scale everyday security services while also exploring broader and more ambitious directions for Web3 security. Since the launch of Ethereum’s Trillion Dollar Security (1TS) initiative, GoPlus has worked closely with aligned ecosystem stakeholders to identify emerging requirements and future opportunities. During the most recent Devconnect, this effort accelerated: the team engaged extensively with core protocol contributors, security-focused initiatives, and major infrastructure builders. Combined with insights from GoPlus’s year-long security report, these conversations opened a new chapter of collaborative exploration—“New Possibilities for Next.”

Ethereum’s security future will not be driven by a single proposal or a single technical layer. Instead, meaningful progress will emerge from a multi-layer, complementary approach, where protocol safeguards, wallet capabilities, and decentralized security intelligence reinforce each other to create a more resilient environment.

Recent developments—such as EIP-7906 (restricted behavior transactions), ERC-7730 (structured clear-signing), and the increasing role of security data networks like GoPlus—show that important improvements can be achieved without requiring disruptive protocol changes, while still preserving space for deeper Execution Layer innovation in the future.

From this perspective, several potential directions begin to take shape:

  • ERC-first security standardization, including structured signing (ERC-7730), security policy manifests, auditor rulepacks, and AA-focused wallet capability schemas. These mechanisms strengthen the wallet–application layer and can be adopted independently across the ecosystem.
  • Integration of decentralized security intelligence, using standardized interfaces and RPC extensions to provide wallets and smart accounts with real-time risk signals before transactions are signed.
  • A progressive path toward transaction-type security, where broader adoption of ERC-level and infrastructure-level protections lays the groundwork for future Execution Layer proposals—such as generalized secure transaction types or structured evolutions of EIP-7906.

Together, these directions outline a practical and incremental path toward a safer Ethereum—one that does not rely on a single “big EIP,” but instead builds security as a shared, composable foundation across the entire ecosystem. This approach not only strengthens protection for current Web3 users; it also creates the conditions for Ethereum to support new institutional participants and achieve meaningful large-scale adoption under the ETH 1TS vision.

Closing Summary

The broader crypto market contracted in Q3, with BTC and ETH market caps falling 12.4% and 10.7% QoQ, respectively. GoPlus underperformed the market, with its market cap declining 36.7% QoQ to $29.2 million and the GPS token price falling 60.9% from $0.0282 to $0.0111.

Despite market weakness, ecosystem profit rose 32.5% QoQ to $4.5 million, supported by higher API query activity (+21.4%) and continued adoption of the GoPlus Chrome extension. Average daily blockchain request volume fell 15.3% QoQ to 831.2 million, driven by pullbacks on BNB, Base, and multichain networks, partially offset by gains on Optimism, Polygon, Avalanche, and Ethereum.

Key product milestones included the launch of the Transaction Simulation API, which enables pre-signing transaction risk analysis for wallets and applications, and the 500M GPS Security Fund, introducing onchain incentives for user-led security contributions. Additional ecosystem progress included EIP-7702 coverage, new L2 integrations, and expansion under the BNB Kickstart Program.

Together, these developments underscore GoPlus’s continued focus on infrastructure and product depth amid market volatility, positioning the network for renewed growth as onchain security further ingrains as a core Web3 primitive.

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This report was commissioned by GoPlus. All content was produced independently by the author(s) and does not necessarily reflect the opinions of Messari, Inc. or the organization that requested the report. The commissioning organization may have input on the content of the report, but Messari maintains editorial control over the final report to retain data accuracy and objectivity. Author(s) may hold cryptocurrencies named in this report. This report is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions. Past performance of any asset is not indicative of future results. Please see our Terms of Service for more information.

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FaustianCreek is a Research Analyst for Messari. His main interests are in AI Infra, DePIN, and DeFi. FaustianCreek was a former consultant at a number of asset management firms in addition to prior experience at a DePIN protocol.

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Outline
  • Key Insights
  • Primer
  • Key Metrics
  • Financial Analysis
  • Network Analysis
  • Qualitative Analysis
  • New Possibilities for Next
  • Closing Summary
Author
FaustianCreek is a Research Analyst for Messari. His main interests are in AI Infra, DePIN, and DeFi. FaustianCreek was a former consultant at a number of asset management firms in addition to prior experience at a DePIN protocol.
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