CoreDAO has recently revealed an astonishing rise in developer activity and network acceptance throughout 2024, cementing its place as a major player in the fast-expanding BTCfi ecosystem.
With more than 2,000 developers on board, over 31,500 smart contracts deployed, and a global community that keeps growing, Core is establishing itself as the go-to space for technological innovation on the Bitcoin network. The coding activity that is “through the roof,” as one Core person puts it, is being matched by growing excitement and trust in this community and in the future of Core itself.
Developer Adoption and Ecosystem Momentum
The announcement from CoreDAO accompanies some eye-catching numbers that truly underscore the dynamic expansion of the ecosystem. In 2024, Core welcomed over 2,000 new developers. More than anything else, this figure reflects the vibrant decentralized development community that is taking shape. Onboarding this many developers into any platform in a single year is impressive—but for a nascent platform like Core, it is quite the achievement.
The Core mainnet’s smart contract deployment is imparting growing momentum in this space. Over 31,500 smart contracts have been deployed—successfully—to the network, underpinning such a variety of decentralized applications that one can reasonably think of Core as being decentralized app-friendly. In fact, we could go so far as to say that the apps on Core are encouraging some of that good, old-fashioned app store vibes that are a part of any resilient blockchain network. Whether it’s for payments, content storage, insurance, or some currently unimaginable use, the presence of more than 250 live projects on the network confirms that good ol’ downside risk is more than covered by an upside opportunity.
The growth of Core has been supported by a very large increase in development contributions, which is evidenced by the 827% year-of-year rise in GitHub commits. The network recorded over 3,747 GitHub commits, highlighting an active and engaged developer community that is continuing to push forward the boundaries of what is possible on the Core network. This code activity is a very strong signal that the Core network is a live platform not just under theoretical development but evolving in a clear direction with real technical progress.
Deliberate has been made by CoreDAO to engage and grow its developer community—a devoted community that has been number one for some time. More than 50 events specifically for our developer-focused community have been held around the world in 2024. These events have been led by contributors who work with Core and have been supported by a team of more than 30 Tech Ambassadors.
I think a couple of things are really nice about these events. One is that they have attracted thousands of attendees and become a key part of the Core ecosystem; you can’t really develop alongside Core without being a part of these events in some way. Another nice thing is that the events have provided an opportunity for the developers with Core to really showcase what they do on the global stage.
Alongside local gatherings, CoreDAO has prioritized education. Their developer education program has attracted over 10,000 enrollees, with courses tailored to the specific stack and tools of the Core network. These services are now part of CoreDAO’s mandate. There is a natural synergy between teaching developers what they need to know and seeing them build “next-gen” solutions on the network. This is exactly what CoreDAO seeks to achieve both through their own programming and through what has become their standard operating procedure in serving local communities.
Core Network Achieves Record-Breaking Transaction Volumes
When it comes to network activity, Core has shown remarkable scalability and widespread acceptance. In 2024, the network executed an awesome 329.3 million transactions, demonstrating its capability of hosting a high-volumed activity. Even more impressive was the peak of 1,736,695 daily transactions and 453,649 new daily addresses. Of course, that peak didn’t count in a few days here and there. And on average, over the first four months of 2024, Core processed 336,460 daily activities—growing consistently.
Core developer activity SURGED in 2024. 📈
• 10,000+ Devs enrolled in Core Dev Courses
• 2,000+ Devs onboarded
• 31,000+ Smart Contracts deployedDevs are all-in on BTCfi. 💪 🔶
Learn about all the growth in the new Core blog! 👇https://t.co/gcKkRUgds1
— Core DAO 🔶 (@Coredao_Org) February 10, 2025
Core’s user base saw a sharp increase in activity and reached an all-time high of 822,653 daily active users. This is a clear indicator of the engagement and demand for Core’s network and services. There is a near-exponential growth of users adopting the ecosystem that is being built. This user growth is also being taken up by more developers as there is now an increasing demand for “what is being built” within the network.
Strong Integration with Bitcoin Miners and Staking
Another impressive accomplishment is Core’s integration with Bitcoin miners. Presently, around 75% of the hashrate from Bitcoin miners is delegated to the Core Network. This statistic alone shows there is a high degree of trust, and indeed, a high degree of collaboration, between the community of Bitcoin miners and the Core Network. And those who issue this high amount of hashrate also happen to be the very individuals who secure the Core Network and, by extension, the positions of the Bitcoin miners themselves.
The network has also witnessed a notable degree of staking activity, with more than 177 million CORE tokens and 8,200 BTC at present staked on the network. This excellent amount of staking not only bulks up the network’s security but also indicates the kind of confidence that users and investors have in the long-term prospects of Core. If Core’s staking volume continues to grow, its ecosystem will not only grow at a much greater speed but also at a much greater level of security and decentralization—two hallmarks of an excellent blockchain.
A Bright Future for CoreDAO
CoreDAO’s incredible growth in 2024 reflects the platform’s superb demand and the developer community’s burgeoning trust in its functionalities. With rock-solid developer adoption, the launch of many thousands of smart contracts, and a network that now seems to handle millions of transactions with ease, Core is on its way to being something of a heavy hitter in the BTCfi world; when we say BTCfi, we mean Bitcoin DeFi, of course. No matter how you slice it, Core’s future looks promising, with even more developers, users, and projects expected to come aboard and ride this next wave of blockchain innovation.
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/coredao-sees-remarkable-growth-in-developer-adoption-and-network-activity-in-2024/