CandleFocus Core becomes largest Bitcoin sidechain with $423m in TVL
2024-09-24
Author: Content Editor
Core, the largest Bitcoin sidechain, has surpassed $400 million in total value locked (TVL). Its TVL increased by over $100 million in the past month and currently stands at $423 million, accounting for over 26% of the total TVL across all Bitcoin sidechains. Core uses delegated proof-of-work and delegated proof-of-stake, making it more scalable for decentralized applications. It recorded an average daily decentralized exchange trading volume of $2.5 million in Q2 and had 23 validators. Core plans to launch Liquid Staked Bitcoin, but the exact date has not been announced.
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