Core Emerges As Leading Bitcoin Sidechain By Total Value Locked
Portfolio Pulse from Murtuza Merchant
Core has emerged as the leading Bitcoin sidechain by Total Value Locked (TVL), accounting for 26.4% of the total TVL across all Bitcoin sidechains with over $300 million in locked assets. This growth is driven by its non-custodial Bitcoin staking feature and strategic partnerships, including collaborations with Valour and Copper. Core is also preparing to launch LstBTC, a liquid staking token pegged to Bitcoin's value.
September 24, 2024 | 4:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Core has become the largest Bitcoin sidechain by TVL, driven by its non-custodial Bitcoin staking feature and partnerships with Valour and Copper. The platform's growth is significant but still a small fraction of the overall Bitcoin market cap.
Core's significant increase in TVL and strategic partnerships indicate strong growth potential. The launch of LstBTC could further enhance its position in the Bitcoin DeFi space, making it attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100