BTCfi gets institutional boost as BITS launches bitcoin yield tool to Core
Core Blockchain Overview - August 14, 2025
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The Core blockchain by the numbers
Network’s daily transactions: 387.3K (-3.82%)
Total unique addresses: 63.34M (+1.69%)
ERC-20 daily tokens transferred: 19.4K (-81.23%)
Total CORE delegated: 246.4M (-3.71%)
Total BTC staked: 5,005 (-0.3%)
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: BITS launched a yield primitive protocol to Core for users to earn 2.5% APY on their bitcoin holdings.
🔸Why it matters: The BITS protocol generates yield by lending deposited bitcoin and wrapped bitcoin to vetted institutional borrowers, with assets securely custodied by BitGo. Depositors receive BITS tokens in exchange, a liquid asset that mirrors the price of bitcoin and allows users to accrue interest up to 4.4% APY (when locked for five months.)
This setup functions like traditional savings vehicles, allowing users to earn steady returns without direct exposure to lending risks. Since BITS tokens are fully composable, it can be used in Core’s DeFi ecosystem and provide liquidity on DEXs or collateral in lending protocols.
For ecosystem users, it provides more ways to generate bitcoin rewards using Core, giving retail and institutional investors a sustainable BTCfi framework.
Furthermore, this development can strengthen Core’s appeal to institutional investors by integrating bitcoin-native yield with regulatory compliance. Through BITS’ platform, it looks to simplify onboarding for institutions that may be new to BTCfi. In addition, it leverages Core’s fee infrastructure to create a path that is low cost, while integrating familiar DeFi functionalities.
🔸The bigger picture: As institutional interest in web3 grows, BITS showcases Core’s position in the BTCfi sector, offering a regulated pathway for bitcoin yield.
This launch further establishes Core as a hub for protocols to attract capital allocators seeking compliant, low-risk exposure to bitcoin. If BITS gains traction among institutions, it could demonstrate that blockchain technology can unlock bitcoin yield markets that may have previously been out of reach. In turn, it reinforces Core’s role as a network for accessible, transparent bitcoin rewards.
Scaling the ecosystem
Core dApp metrics have risen on the week, DappRadar data shows:
Unique active wallets up 59% to 605.1K
Transactions grew 64% to 842.78K
BitGo released a case study about Core’s role in providing bitcoin rewards to institutions in a compliant manner
Check out these X spaces that dive into the Core ecosystem and network players:
Learn about RWA and yield opportunities Core contributors and ecosystem project founders
Hear Initial Core Contributors Rich Rines and Brendon Sedo share their thoughts about Core’s BTC-FI accelerator program
Check out the Core blog for more updates.
Into the Core community
Unique active wallets for World of Dypians surged nearly 221% on the week to 126.95K, according to DappRadar data
B14g reached an all-time high of $315.9M in TVL for its bitcoin dual-staking layer, DefiLlama data shows
Fiamma deployed a bitcoin bridge across Core and 11 other blockchains to expand bitcoin interoperability capabilities
Molten enabled automated farming for its Core-powered bitcoin yield protocol
Join in the fun
Want to dive deeper into the Core blockchain?
Join the Core Ambassador program and help grow the ecosystem
Check out Core Ventures’ BTC-FI program, a 14-week accelerator that supports early-stage teams building staking, yield and liquidity products on Core
Participate in the Core Connect Buildathon for a chance at a $1.2M prize pool
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This product was built by Token Relations.
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.
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