CandleFocus

CoreDAO Bridges Ethereum & Bitcoin with 64% User Surge and Record dApp Volumes

Author: Content Editor
CoreDAO, a blockchain ecosystem that bridges Ethereum and Bitcoin, has seen a significant increase in active users and transactions. The number of active users has grown by 64% in just one month, reaching over 308,000. The level of activity in platform transactions has also increased by 21%, totaling 868,000. Additionally, there has been a 43% surge in dApp volume, with a total value transacted of $119 million in just one week. These numbers indicate growing engagement and participation in the CoreDAO platform, as more users recognize its value in bridging the two major smart contract platforms. The platform's success and increasing usage highlight the confidence users have in CoreDAO's technical solutions and ability to deliver value in the cross-chain business. Furthermore, these achievements position CoreDAO as a leading blockchain platform for a multi-chain ecosystem, where Ethereum smart contracts and Bitcoin security coexist. The platform's growth also suggests a potential demand for its utility token, $CORE, in the decentralized finance market. Overall, CoreDAO is shaping the decentralized web ecosystem and holds strong prospects for further development in blockchain interoperability.

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