Welcome to the $Core Blockchain Overview. A one-stop-shop for the $Core community to get up to speed on the network’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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The $Core blockchain by the numbers
Network’s daily transactions: 255.700K (-18.84%)
Total unique addresses: 59.190M (+0.63%)
ERC-20 daily tokens transferred: 47.400K (+49.53%)
Total CORE delegated: 247.170M (+6.42%)
Total BTC staked: 4,929 (+23.22%)
Top 3 $Core validators by hybrid score:
The metrics are accurate at the time of publication. The percentage change is over a 14-day period.
Inside the network
🔸What we’re watching: As regulatory clarity around Bitcoin continues to improve, the asset is attracting more users and use cases. Whether it be for financial growth or technological purposes, Bitcoin has turned from a skeptical asset to a globally recognized one.
Solutions like $Core’s liquid staking bitcoin (lstBTC) have enabled these organizations to generate yield on their holdings, while integrating it into decentralized finance (DeFi) strategies said Initial $Core Contributor Hong Sun during its quarterly ecosystem webinar with Token Relations.
🔸Why it matters: Institutions and enterprise adoption of Bitcoin is poised to accelerate significantly. Clearer regulations provide a safer environment for organizations to enter crypto, even allocating portions of their balance sheets to Bitcoin.
However, as institutions and enterprises deepen their involvement with Bitcoin, their focus starts to shift beyond merely holding it as a store of value. Many are exploring ways to generate yield on their Bitcoin holdings.
“$Core, along with Bitcoin in a [liquid staking] product, generates native yield and solves carry trade problems,” said Sun. ”We’re starting to see more funds, as they become more educated about $Core and what it can enable for their Bitcoin portfolio, really becoming a natural asset in investment strategy.”
Liquid staking tokens (LSTs) allow holders to earn yield on their assets, as well as participate in DeFi protocols. $Core’s north star is to help retail investors and institutions explore the capabilities of Bitcoin and turn it from simply a store of value into an asset that people can use for DeFi activities.
“ With lstBTC, you'll generate yield but in return, you'll have a composable asset that you can use across DeFi,” said Maple Finance Senior Associate of Capital Markets Jesse Neiman. “So you’ll get that same yield that gets generated already, while also giving you control of that Bitcoin, which you can use onchain to do all the same strategies you would normally do with a yield bearing token.”
🔸The bigger picture: All in, $Core doesn’t want to reinvent the Bitcoin wheel with its lstBTC. It simply wants to take the DeFi components from blockchains like Ethereum or Solana, and apply it to Bitcoin.
This can be seen for traditional finance too. Since crypto was once seen as a speculative asset, it was always trying to compete against other financial verticals. However, now, that may no longer be the case.
“ $Core has this opportunity now because all of a sudden, where we've been playing catch up with global financial markets for so long, we are in a position where they're looking backwards,” said BitGo Head of Ecosystem Jake. “They're trying to pick up the pieces of what we built so far and start making that as part of public market structures.”
As Bitcoin and blockchain technology continues to become integrated into more products, solutions like $Core can cater toward both financial players who want to earn yield and to enjoy the technology.
Scaling the ecosystem
ASX minted its RWA NFT on $Core that allows holders to earn APR generated from real-estate investments
Vault Layer integrated with ASX to release automated yield strategies managed by AI agents for its NFT holders
BITFLUX TVL rose by more than 400% on the month to $54.060M, DefiLlama data shows
$Core upgraded its mainnet to v1.0.17 for enhanced revenue-sharing mechanisms
Check out the Core blog for more updates.
Into the $Core community
Listen to an X space with team members from AIDA, Corepound, Vault Layer and $Core talk about the role of AI within DeFi protocols
Corepound introduced Core Chests and a point system to its yield optimizer protocol
One Click shared it will deploy its curated vaults and deposit flows to the $Core network
Join in the fun
Want to dive deeper into the $Core blockchain?
Sign up for the Core Connect Buildathon for a chance at a $1.200M prize pool
$Core is hosting a series of developer meetups across the globe - learn more here
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This product was built by Token Relations.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.