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Core’s 2024 growth has risen in the blockchain and DeFi ecosystem, driven by sharp increases in Total Value Locked (TVL), transaction volume, and user engagement. Ahead of the anticipated Fusion Upgrade rollout on Nov. 19, these metrics underscore Core’s transformative impact and expansion across the Bitcoin DeFi landscape.
🚀 Core’s Unprecedented Growth in 2024 🔶
— Core DAO 🔶 (@Coredao_Org) November 14, 2024
For Day 3 of "7 Days to Fusion", we’re diving into the powerful metrics showcasing Core’s 2024 growth.
From TVL and transaction volume to user growth and Bitcoin staked, these stats showcase Core’s transformative impact. 🧵👇(1/6) pic.twitter.com/6b3mm5h5WU
Core’s TVL Soars, Boosting Bitcoin ($BTC) in DeFi
Core’s Total Value Locked surged from $3 million to nearly $820 million in 2024, marking a growth of over 15,000%. This exponential increase highlights Core’s significant role in enhancing Bitcoin’s presence in decentralized finance, signaling strong confidence from investors and users. The jump in TVL reflects an increasing interest in Core’s DeFi solutions and opens new avenues for Bitcoin ($BTC) in the DeFi space.
Core’s blockchain has recorded over 300 million transactions this year, illustrating its high activity level and user engagement. This transaction volume reflects Core’s operational capabilities and expanding role among leading blockchain networks.
Rapid Expansion in User Base
Core DAO has experienced an 85% increase in unique wallet addresses in 2024, showing a considerable expansion in its user base. This surge highlights rising adoption as more individuals leverage Core’s ecosystem for decentralized financial solutions. Consequently, Core’s ecosystem is diversifying, drawing experienced blockchain users and new entrants to its platform.
Core DAO has facilitated over 8,100 Bitcoin staked non-custodial, equating to more than $740 million. This substantial amount of Bitcoin staked on Core’s network signals a growing confidence in its infrastructure. Besides, Core’s non-custodial approach provides a secure and yield-generating option for Bitcoin holders, reinforcing the network’s appeal within the DeFi space.
2024 has been a landmark year for Core’s growth across metrics, establishing it as a leading player in the Bitcoin and DeFi sectors. The upcoming Fusion Upgrade rollout aims to strengthen Core’s capabilities further, offering new efficiencies and functionalities for its rapidly expanding ecosystem.