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First things first, Core's TVL Reaches $120M+.
Core has established itself as a top Bitcoin scaling solution, with its TVL now exceeding $120 million. This places Core among the top 4 Bitcoin scaling chains by TVL.
Data accurate as of publication date
With these developments, Core is at the forefront of Bitcoin staking BTCfi, quickly becoming the most popular Bitcoin scaling solution for dApp development.
New Developments
Animoca Brands has launched a validator on the Core blockchain, enhancing network security and decentralization. This partnership aims to drive BTCfi innovation through dApp integration.
The liquid staking token stCORE can now be used as collateral support for coreBTC, offering productive collateral that generates yield while locked.
Core is hosting a roundtable AMA featuring prominent builders in the -ecosystem, including Glyph, NLX, ViridianDex, BitReserve, Akka Finance, CryptoRubic, and Core Belle.
Core Ignition Drop & Asset Multiplier
Bringing back aBTC through XLink, a Bitcoin bridge developed by ALEX LAB Foundation on Core.XLink is set to redefine the landscape of Bitcoin DeFi, offering users seamless access to a wide range of DeFi services on Core. By bridging and depositing aBTC to the Core ecosystem, users have the opportunity to earn a 5x Sparks multiplier. This campaign will allow users to increase their Sparks by depositing aBTC into Core dApps.
Looking to Build your next dApp in Web3?
Core is the best ecosystem to deploy on at the moment. It’s EVM compatible and there are lots of resources available to get you started. Check out coredao.org for more information.
Stay tuned for more exciting updates in the next edition of Unlocking BTCfi!