Core (CRYPTO: CORE), a blockchain platform that aims to unlock Bitcoin (CRYPTO: BTC)-powered decentralized finance (DeFi), has become the largest Bitcoin sidechain in terms of Total Value Locked (TVL), according to data from DeFiLlama.
What Happened: The platform now accounts for 26.4% of the total TVL across all Bitcoin sidechains, with over $300 million in locked assets.
The rise in Core’s TVL comes amid growing interest in its non-custodial Bitcoin staking feature, which allows users to earn yield on their Bitcoin holdings.
As of the latest data, 5,639 bitcoin (worth approximately $335 million at current prices) have been staked on the Core network.
“Users are rapidly adopting BTCfi on the most Bitcoin-aligned blockchain,” Rich Rines, an …
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