Copper integrates Core to offer institutional investors staking resources
Core Blockchain Overview - August 15, 2024
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.
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The Core blockchain by the numbers
Network’s daily transactions: 251.15K (-2.72%)
Total unique addresses: 19.97M (+1.32%)
ERC-20 daily tokens transferred: 154.8K (-28.2%)
Total CORE delegated: 146.65M (+7.51%)
Total BTC staked: 5,196 (+6.78%)
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: The Core Foundation partnered with Copper to offer investors the ability to stake bitcoin and CORE directly from their Copper accounts in an effort to expand accessibility to the Core network.
🔸Why it matters: This partnership gives investors exposure to the Core network while also retaining their bitcoin via non-custodial staking. This removes the need for Copper users to navigate onchain, which could be restricted for some institutional investors at their firms.
The partnership speaks to the growing demand for bitcoin investment strategies within the institutional market by offering secure and efficient staking solutions. Since the spot bitcoin ETF approval earlier this year, demand for the digital asset has skyrocketed. As a result, many investors in traditional spaces want access to the market through regulated and less-risky avenues.
"Our new strategic partnership with Core contributes to the broader growth of secure connectivity,” Copper CEO Dmitry Tokarev said in a statement. “This integration further establishes institutional trust and provides our clients with greater accessibility.”
🔸The bigger picture: Copper’s integration of CORE can provide investors an alternative method to gain exposure to bitcoin and the network’s native token, while simultaneously enhancing security and capital efficiency.
As a result, CORE is more accessible to institutional investors through platforms they already use, like Copper, which in turn can expand the network’s reach and awareness.
Scaling the ecosystem
BitLen and COREx partnered to provide lending, borrowing, and restaking services to the Bitcoin ecosystem
ICYMI: PlayZap Games integrated its battle minigame on to Core’s Telegram for a limited time to host multiple gaming tournaments
Core DAO released a video that gave a step-by-step tutorial on how to stake CORE
Check out the Core blog for more updates.
Into the Core community
X user stacy_muur wrote a thread that compared Stacks and Core’s stats
Pixudi CEO and co-founder discussed its upcoming web3 game with a Core DAO contributor as part of its summer game jam
Core Contributor Apollo posted an article on X that dove into why it matters to stake on Core
Blocmates writer Emiri created a guide on the ins and outs of Core and its ecosystem
Rich Rines, initial contributor at Core DAO, spoke on FINTECH TV’s Market Movers: The Opening Bell show to talk about bitcoin and Core
Join in the fun
Want to dive deeper into Core?
Education platform Metaschool is hosting classes to give users an interactive experience and learn more about Core and its ecosystem
Season 2 of Core’s Ignition Drop campaign is starting soon – check out details here
Visit the Core Ecosystem Board for companies contributing to the network
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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.
Core is a huge different from many others I won't like to mention names