Core total lock volume soared to $892 million, with a half-year increase of up to 3400%.

On December 4th, Core released data stating that it has achieved explosive growth in the past six months, with its total locked volume (TVL) surging from $25.30 million in May to $892 million, an increase of up to 3400%. This data makes Core the most attractive platform in the Bitcoin sidechain/Layer 2 ecosystem, accounting for over 30% of the total TVL.

 

Core utilizes Bitcoin mining hash rate and Ethereum Virtual Machine (EVM) to build an ecosystem. Through its unique Satoshi Plus consensus mechanism, it combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to provide security, scalability, and decentralization to the network. Bitcoin miners can earn CORE rewards through computing power delegation, and Bitcoin holders can also participate in cyber security construction through non-custodial staking.

 

The Fusion upgrade launched this year is an important milestone for Core, bringing a dual-staking mechanism and Liquid Staked Bitcoin (LstBTC), providing a balance between income and liquidity for Bitcoin holders. Through these innovations, Core is transforming Bitcoin from a passive store of value to a productive asset.