Welcome to the Core Blockchain Overview, the Core community’s one-stop-shop for the latest on the network’s metrics, releases, insights, updates, ecosystem developments and more. All in one place.
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The Core Blockchain By The Numbers
Network’s daily transactions: 49.4K (-3.51%)
Total unique addresses: 69.25 (+0.14%)
ERC-20 daily tokens transferred: 14.1K (-27.3%)
Total CORE delegated: 290.7M (+11.17%)
Total BTC staked: 2,791 (+2.46%)
These metrics are accurate at the time of publication. The percentage change is over a 14-day period.
Inside The Network
🔸What we’re watching: SatPay has launched a Bitcoin-focused neobank built on the Core blockchain.
🔸Why it matters: One of the primary reasons limiting Bitcoin adoption in financial services has been a lack of willingness to spend the cryptocurrency. Bitcoin is widely held, but it is rarely used for routine financial activity such as payments or yield generation.
SatPay is trying to bridge this gap by combining bitcoin savings, yield, borrowing and card-based payments into a single financial application.
Instead of treating bitcoin as a passive asset, SatPay wants to let users hold bitcoin, earn from it, borrow against it, and spend through existing payment networks.
Core is providing SatPay with the underlying infrastructure to enable bitcoin-related financial activity onchain. This will include smart contracts, staking and lending applications. SatPay plans to process onchain transactions on Core, thus generating revenue in the CORE token, which will be used for token buybacks.
🔸The bigger picture: Over time, SatPay looks to drive higher activity in the Core ecosystem and increase the amount of liquidity on the chain while providing stable yields and structured lending conditions.
The platform intends to enable asset ownership with yield and credit options for bitcoin users without replacing existing payment systems.
Ecosystem highlights
Core Contributors Brendon Sedo, Wayne Hsu and Rumeel Hussain spoke about notable network developments from December, featuring updates regarding liquid staking tokens and the BTCfi accelerator program
Core laid out how it plans to become a Bitcoin Power Grid where economic activity is routed through onchain apps to drive CORE token buybacks
CORE token trading volume is up 16% since the beginning of the month to $6.9M
Check out the Core blog for more updates.
Delve into the Core community
B14g’s CORE token staking platform hit an all-time high of 42M staked tokens on Jan. 7
Season one of Gunnies’ $3K leaderboard competition will start on Jan. 16
Initial Core Contributor Chris Flores explains how Core plans to funnel app revenue to CORE token holders
Join in the fun
Want to dive deeper into the Core blockchain?
Join the Core Ambassador program and help grow the ecosystem
Bridge assets from Ethereum compatible blockchains to the Core network
Until next time.
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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.