Core DAO Sees Huge Weekly Development with Growing Transactions and Active Wallets

Core DAO has recently celebrated a momentous weekly development with more than 6.5M transfers and 2.2M active wallets. As per Core DAO, this rise in the number of active wallets and transfers denotes widespread consumer adoption and growth. The platform took to social media to provide details of this landmark achievement.

It has been a historic week for Core! 🔶

• 6.5+ million transactions
• 2.2+ million unique active wallets
• $100,000 added in TVL
• Top 5 blockchain by unique active wallets

This is just the beginning of the BTCfi revolution! 🌎🔥 pic.twitter.com/DJYUzpLGLv

— Core DAO 🔶 (@Coredao_Org) November 2, 2024

Core DAO Records a Surge in Number of Active Wallets, Transfers, and TVL

The platform noted in its latest X post that the significant spike in active wallets and transactions parallels other developments. In this respect, Core DAO has witnessed a surge in the total value locked thereof. An additional amount of $100,000 has entered the TVL of the platform within one week.

The respective growth mirrors a substantial increase in interest and confidence in the blockchain ecosystem of Core. For this purpose, it provides DeFi opportunities in line with Bitcoin’s principles. The surging TVL reflects Core DAO’s capability to secure more liquidity and capital. With this, it can carry out the scaling of DeFi apps along with promoting sustainable growth.

The Platform Leverages the Decentralization and Security of Bitcoin to Revolutionize the DeFi Sector

This remarkable achievement occurs amid a surging trend where blockchain projects are prioritizing decentralized, Bitcoin-compatible, and decentralized ecosystems. The BTCFi model of Core DAO leverages the resilient security features of Bitcoin apart from integrating exclusive DeFi functionalities. According to Core DAO, it provides a unique blend of appealing DeFi proponents and Bitcoin enthusiasts. The platform targets to redefine the DeFi sector by leveraging the decentralization and security of Bitcoin.

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