Core, a blockchain platform enabling Bitcoin-powered decentralized finance, has become the largest Bitcoin sidechain in terms of Total Value Locked (TVL), exceeding $300 million. This growth is driven by features like non-custodial Bitcoin staking, which allows users to earn yield on their Bitcoin holdings. Core’s partnerships and upcoming liquid staking token, LstBTC, aim to further enhance liquidity and accessibility within its DeFi ecosystem.
Core, a Bitcoin Layer-2 blockchain, experienced a surge in its DeFi TVL during the second quarter of 2024. This growth was driven by the launch of non-custodial Bitcoin staking, the success of its native DEX CoreX, and the introduction of yield-bearing Core BTC exchange-traded products (ETPs). These developments highlight Core’s commitment to unlocking Bitcoin’s potential and providing innovative investment opportunities.
