Core DEX Volume is gaining traction once again...
Activity on the @Coredao_Org blockchain has been a huge talking point in the past week.
This time, DEX volume on the chain has gotten a major boost.
Per DeFillama, volume on Core-based DEXes has increased by over 700%, representing a significant surge.
With over $100K in weekly traded volume and nearly 10,000 active accounts in the past 24 hours, the Core blockchain ecosystem is increasingly gaining traction.
Bitcoin miners help elect Core validators without mining a second chain
Miners keep mining Bitcoin exactly as usual, but to back a @Coredao_Org validator, they add one line to the transaction in the "op_return" field, which pays out each block's mining reward and provides a small space for arbitrary data.
That line names the validator they support and an address for coredaoorg:native payouts, giving miners a second reward stream on top of their bitcoin:native without any extra computation, per Core's docs.
Core recalculates validator scores daily using delegation data from one week prior, one of three inputs alongside staked CORE and time-locked Bitcoin.
Core ecosystem TVL experience a major boost
Core blockchain (@Coredao_Org) Total Value Locked (TVL) has surged by nearly 25% in the past 30 days.
Additionally, the price of $CORE is up almost 30% in the past 30 days.
There has been strong momentum across the board over the past week due to generally bullish crypto sentiment.
How Core lets Bitcoin holders vote for validators without giving up their coins
Bitcoin holders can back @Coredao_Org validators by locking coins with CLTV, Bitcoin's native timelock feature. The bitcoin:native stays in the holder's wallet, though it cannot be spent until the lock expires.
Relayers scan the Bitcoin network for those locks, read the validator choice embedded in the transaction, and update election weights on Core accordingly. Rewards arrive in $CORE, scaled to the amount locked and the validator's performance.
When a lock expires, the vote and the rewards stop with it. Core's docs state there is no auto-renewal, so continued participation means a fresh timelock each time.
Trust Bitcoin's consensus.
Stake Bitcoin via Core to have your Bitcoin exclusively secured by Bitcoin's consensus.
Bitcoin timelocks mean Core never touches your coins.
You earn rewards without ever giving up self-custody.
CORE has a permanently fixed supply of 2.1 billion tokens.
CORE is used for staking, Dual Staking, gas, collateral, and more.
As demand for CORE grows, its supply remains fixed.