State of GoPlus Q4 2024

Key Insights

• GoPlus saw increases across various metrics in Q4, including active SecHubs (+335.20%), blockchain request volume on Solana (+251.68%) and Avalanche (+2.27%), and unique application IPs (+126.08%).
• GoPlus released its Chrome extension, later upgrading it with a Trading Mode and a cleaner interface, launched its AVS mainnet on AltLayer, and introduced new Solana and Sui security detection tools.
• In contrast, GoPlus experienced declines in ecosystem profit (-47.06%), authorized API query volume (-32.04%), and request volume on blockchains like Ethereum (-27.42%), BNB Chain (-23.33%), TRON (-17.05%), and Base (-11.46%).
• The protocol expanded integrations with various partners (e.g., TokenPocket, Raydium, SafePal, and Cetus Protocol) and joined the Onchain Community Alliance with Coin98 Wallet and OneID.

Primer

GoPlus (GPS) is a decentralized, 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 decentralized applications. Meanwhile, users can customize their security experience through SecHubs, personal security centers accessible via the GoPlus application. Other key tools include SecScan, which automates malicious token detection, and Mufuzz, an AI-powered fuzz testing engine for uncovering 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 MetricsPerformance AnalysisEcosystem Profit

Ecosystem profit reflects revenue generated through GoPlus services, primarily from active SecHubs. The revenue model is currently $9.90 per user, covering API requests, security services, and SecWare transactions; however, the project team plans to transition from the subscription model to a gas fee-based structure in March 2025.

Ecosystem profit in 2024 experienced various fluctuations. Specifically, GoPlus’s ecosystem profit totaled ~$201,477 in Q4, down ~47.06% QoQ from ~$380,579 in Q3.

GoPlus Application IPs

This offchain metric measures the number of unique IP addresses engaging with the GoPlus application. The app, which includes SecHubs, is a centralized platform offering users a suite of security tools and services.

In Q4, the cumulative number of unique IP addresses interacting with the app reached a partial daily average of ~160,166, peaking at ~602,414 in a single day on Oct. 14, 2024. Despite the partial data, average daily IP addresses in Q4 were ~126.08% greater than Q3's daily average of ~70,846 — indicating a growing demand for the app’s services.

GoPlus SecHubs

SecHubs are customizable security centers within the GoPlus ecosystem, designed to allow users to configure and execute security services directly onchain. Unlike the broader interface of the GoPlus application, SecHubs provide a more decentralized solution, integrating security services with blockchain interactions, such as transactions.

In Q4, GoPlus reported ~76.58 active SecHubs, up ~335.20% QoQ from ~17.60 in Q3, yet still down from Q2’s ~342.90.

API Query Volume

Authorized API query volume tracks the number of calls made to GoPlus's security APIs and supports features like token checks, malicious address detection, and phishing alerts. This offchain metric reflects the demand for GoPlus's security services across partner platforms and users.

In Q4, authorized API query volume totaled ~1.18 million, reflecting a ~32.04% QoQ decrease from ~1.74 million in Q3. However, on a YTD basis, query volume increased ~888.37% from ~119,315 to ~1.18 million, indicating strong overall demand for GoPlus's security services across partner platforms and users.

Blockchain Request Volume

This offchain metric includes blockchain-level interactions (e.g., transaction simulations and malicious address detection) within the network infrastructure. In contrast, authorized API request volume specifically measures API calls made by external users and platforms interacting directly with GoPlus's services.

In Q4, blockchain request volume experienced notable declines across major blockchains. Ethereum led with ~958.47 million requests, down ~27.42% from Q3's ~1.32 billion. BNB Chain followed at ~624.07 million requests, down ~23.33% from ~814.02 million. Base handled ~450.47 million requests, down ~11.46% from ~508.77 million. Fantom saw ~16.49 million requests, declining ~17.95% from ~20.10 million. TRON recorded ~13.10 million requests, a ~17.05% drop from ~15.79 million.

In contrast, Solana requests increased ~251.68% QoQ to ~12.00 million in Q4 from ~3.41 million in Q3, while Avalanche saw a slight increase of ~2.27% to ~21.60 million from ~21.12 million. The aggregated "Other" category rose ~7.45% QoQ to ~224.36 million requests from ~208.79 million.

These trends indicate a shifting demand for blockchain services across different networks.

GoPlus Chrome Extension

Launched on Nov. 27, 2024, the GoPlus Chrome extension strengthens user security by detecting phishing sites, risky transactions, and wallet vulnerabilities. Since launch, it has processed over 198,000 transactions based on offchain Q4 data and ended the quarter with 172,760 active downloads.

Qualitative AnalysisGeneral Development and Growth

While the metrics above show mixed performance, Q4 saw several qualitative developments, with November as the most significant month for activity and growth. These events include:

October:

• GoPlus joined the Onchain Community Alliance with Coin98 Wallet and OneID.
• GoPlus launched its AVS mainnet on AltLayer's Wizard platform, using EigenLayer for decentralized transaction protection.
• TokenPocket integrated GoPlus's Solana Token Security API.
• GoPlus introduced a dedicated Solana Token Security Detection Page.

November:

• SafePal integrated GoPlus's Solana Token Security API.
• GoPlus partnered with Pharus.
• Flap integrated GoPlus's security solutions for token contracts on its platform.
• GMGN integrated GoPlus APIs for Solana and EVM token security detection.
• Four.Meme, Flap, and We.Rich joined GoPlus’s SafeToken Protocol.
• MyToken integrated GoPlus APIs.
• GraFun Labs partnered with GoPlus to verify smart for tokens launched through its platform.
• Raydium integrated GoPlus's Solana Token Security API into its Token Locker feature.
• GoPlus revealed a new Chrome extension designed to protect users from security risks.
• GoPlus launched its Token Security API for Sui.

December:

• GoPlus and TenArmor collaborated to analyze rug pull incidents.
• GoPlus launched version 0.1.4 of its Chrome extension, introducing Trading Mode for streamlined and secure transactions.
• Wave, a GameFi and DeFi ecosystem on Sui, partnered with GoPlus to enhance application security.
• Ape.Store partnered with GoPlus to implement the Safe Token Standard and integrate a liquidity locker.
• Cetus Protocol integrated GoPlus Security’s third-party API to offer users a robust token security scanning tool.

Closing Summary

GoPlus experienced mixed performance in Q4 2024, with unique IPs interacting with the GoPlus application rising ~126.08% QoQ to a daily average of ~160,166 and active SecHubs growing ~335.20% QoQ to ~76.58. Solana request volume also increased ~251.68% to ~12.00 million, while Avalanche grew slightly by ~2.27% to ~21.60 million. However, ecosystem profit declined ~47.06% QoQ to ~$201,477, authorized API query volume dropped ~32.04% to ~1.18 million, and request volume fell on major blockchains like Ethereum (-27.42%), BNB Chain (-23.33%), and TRON (-17.05%).

Despite this, GoPlus made substantial qualitative developments in Q4. It launched its AVS mainnet on AltLayer and enhanced its Chrome extension with Trading Mode. Key partnerships included integrating TokenPocket, Raydium, GraFun Labs, and Cetus Protocol, expanding its security services. Collaborative research on rug pulls with TenArmor, and the release of new Sui and Solana security detection tools further strengthened its Web3 security offerings. These developments position GoPlus for continued growth and innovation in 2025 as the team transitions to a fee-based revenue model.