Core Blockchain's DeFi TVL Skyrockets Over 1000%, Introduces Non-Custodial BTC Staking
Portfolio Pulse from Khyathi Dalal
Core Blockchain's DeFi TVL increased by over 1000% in Q2 2024, reaching $76.4 million. The platform introduced non-custodial BTC staking and launched yield-bearing BTC ETPs in Europe, expanding its global presence and investment opportunities.
September 20, 2024 | 6:31 pm
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POSITIVE IMPACT
Core Blockchain's significant DeFi TVL growth and non-custodial BTC staking could increase Bitcoin's utility and demand, potentially impacting its price positively.
The introduction of non-custodial BTC staking and the significant increase in DeFi TVL on Core's platform suggest increased utility and demand for Bitcoin, which could positively impact its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Core's DeFi TVL growth and new BTC staking services highlight its expanding ecosystem, potentially boosting investor interest and Core's market value.
The 1,032% growth in DeFi TVL and the introduction of non-custodial BTC staking on Core's platform indicate a robust expansion of its ecosystem, likely attracting more investors and increasing Core's market value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90