Welcome to the Core Blockchain Overview. A one-stop-shop for the Core community to get up to speed on the network’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
Reminder: See details here about our quarterly webinar with the Core ecosystem about bitcoin yield opportunities for institutions on June 10 at 9AM EST.
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The Core blockchain by the numbers
Network’s daily transactions: 486.64K (+19.89%)
Total unique addresses: 55.25M (+4.96%)
ERC-20 daily tokens transferred: 105.36K (+41.04%)
Total CORE delegated: 232.26M (+2.26%)
Total BTC staked: 4,000 (-41.58%)
Top 3 Core validators by hybrid score:
The metrics are accurate at the time of publication. The percentage change is over a 14-day period.
Inside the network
🔸What we’re watching: Ceffu, a compliant, institutional-grade custody platform, partnered with Core to launch a secure, non-custodial bitcoin staking solution.
🔸Why it matters: This partnership provides Ceffu’s institutional clients the ability to stake bitcoin and CORE tokens, while keeping assets within its custody environment.
Since the solution integrates Ceffu’s institutional-grade custody, it combines security with Core’s dual-staking mechanism in order for users to optimize their yield. This could encourage institutional participation in Bitcoin DeFi because of the reduced operational risk, by enabling staking without moving assets outside of custody.
Ceffu will leverage its Qualified Wallet system for key management, which also increases the security for users. This approach is designed to ensure institutions can maintain their custody requirements, while accessing Core's $380 million staking ecosystem.
🔸The bigger picture: Core has done a number of partnerships to expand institutional access to bitcoin yield. However, the Ceffu integration takes a more direct integration approach. Rather than requiring off-platform transfers, the solution enables native bitcoin staking directly from custody wallets, reducing friction for institutional participation.
For institutional users, the implementation includes governance controls like multi-user authorization and compliance enforcement. These features help regulated entities engage with bitcoin staking, while adhering to their risk management frameworks.
This solution bridges traditional custody with onchain yield opportunities. Thus, addressing a key barrier to institutional decentralized finance (DeFi) adoption.
As more institutions seek yield on their bitcoin holdings, solutions balancing security with DeFi opportunities could accelerate broader crypto ecosystem adoption.
Scaling the ecosystem
Digital asset custodians BitGo and Koda joined the Core validator set
Core is hosting a series of hackathons across the globe - learn more here
May DEX volume recorded a yearly high of $71.17M, according to DefiLlama data
Core dApp metrics are up over the past month, DappRadar data shows:
Unique active wallets: 5.68M (+21.73%)
Transactions: 7.52M (+20.38%)
Dapp volume: $132.4M (+9.69%)
Colend, Core network’s native staking protocol, announced loop staking earns rewards for its Ignition Drop campaign
Check out the Core blog for more updates.
Into the Core community
Rabby Wallet integrated the Core network to its wallet - see details on how to earn rewards for the Ignition Drop campaign
AIDA launched its trading hub for AI tokens to the Core network
AKKA deployed limit orders and AI analysis to its Core-powered cross-chain liquidity aggregator
Core Ventures also shared it is backing AKKA financially
Nawa Protocol, a Shariah-compliant bitcoin yield platform, reached a high of $46M in TVL (shown below)
Source: DefiLlama
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.