Core Blockchain’s DeFi TVL Skyrockets Over 1000%, Introduces Non-Custodial BTC Staking
Posted On September 22, 2024
Despite a wider market pullback, the total value locked (TVL) in DeFi on Core (CRYPTO: CORE), Bitcoin (CRYPTO: BTC) Layer-2 blockchain, has grown significantly in the second quarter of 2024.
What Happened: According to a Messari report, Core’s DeFi TVL grew by 1,032% in Q2, reaching $76.4 million. The blockchain’s native decentralized exchange (DEX) CoreX outperformed SushiSwap, a multi-chain DEX.
Non-custodial bitcoin staking, launched on Core’s platform in April, saw 3,504 BTC, equivalent to $215 million, staked in Q2, broadening investor access and exposure to Core.
Valour, a subsidiary of DeFi Technologies, introduced a unique yield-bearing Core BTC exchange-traded product (ETP) to German investors on …
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