CORE has solidified its position as the leading Bitcoin sidechain, boasting an active DeFi ecosystem with 46 protocols and a total value locked (TVL) exceeding $600 million.
🟠 @Coredao_Org Total Value Locked Overview
With a buzzing ecosystem of 46 DeFi protocols, CORE has emerged as the dominant #Bitcoin sidechain. Since April 2024, CORE DeFi TVL has experienced exponential growth, surging 3900% since April 2024.
Check out all the leading players… https://t.co/eInj71vpGy pic.twitter.com/DlhPxpgQuy
— Bitcoin Ecosystem (@BitcoinEcoTK) October 27, 2024
This impressive growth underscores CORE’s appeal as it continues to attract users and liquidity in the crypto space.
Core's TVL has officially passed 600 million! 🔶🚀 pic.twitter.com/vKgD3tb8Sc
— Core DAO 🔶 (@Coredao_Org) October 28, 2024
The Core DAO recently launched LstBTC, a solution allowing users to stake their BTC with a 1:1 liquidity pledge pegged directly to Bitcoin.
$BTC A new high, $CORE is no 1 TVL, @Coredao_Org Launched LstBTC to achieve 1:1 liquidity pledge pegged to BTC BTC holders can earn CORE rewards and maintain liquidity
If LstBTC live guess what will happen on CORE
Always bullish!
ON THAT TIME I WILL USE 90% LEVERAGE pic.twitter.com/erV0RS1LYK
— 🇺🇲1000$CORE🔸🇺🇲 (@thousands_CORE) October 30, 2024
This feature enables BTC holders to maintain liquidity while earning CORE rewards, enhancing CORE’s attractiveness to the wider Bitcoin community. As a result, over 5,000 BTC have already been staked on the chain, further boosting its standing within the DeFi ecosystem.
The #Coretoshis are winning
With @Coredao_Org hitting over 23 million unique core addresses, over $520M in TVL and still rising, over 5000BTC staked on the chain, you can't convince me we're not going way higher this cycle pic.twitter.com/xanjESLTiA
— $XBT Reloader (@ReloaderBtc) October 25, 2024
Massive CORE Adoption Resulting In Over 23 Million Unique Addresses
With more than 23 million unique CORE addresses, Core DAO has demonstrated strong user adoption, helping CORE establish itself as a leading player in the market. The increasing TVL and growing BTC stake indicate an expanding community and rising confidence in CORE as a robust and innovative sidechain.
Given CORE’s current trajectory, many investors anticipate further growth, especially with the chain’s solid foundation and expanding DeFi ecosystem. The platform’s commitment to providing liquidity and rewarding BTC holders through its unique offerings highlights its long-term potential, and it’s clear that this cycle may just be the beginning for CORE.
With sustained user interest and liquidity, CORE is primed for continued success, positioning itself as a key player among Bitcoin sidechains as the crypto market evolves.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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