CORE Chain Dominates As Top Bitcoin Sidechain With $600M TVL And Growing

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. 

This impressive growth underscores CORE’s appeal as it continues to attract users and liquidity in the crypto space.

The Core DAO recently launched LstBTC, a solution allowing users to stake their BTC with a 1:1 liquidity pledge pegged directly to Bitcoin.

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.

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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Source: https://nulltx.com/core-chain-dominates-as-top-bitcoin-sidechain-with-600m-tvl-and-growing/