Core announces Commit Program in line with network’s Fusion Upgrade
Core Blockchain Overview - October 24, 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: 558.6K
Total unique addresses: 22.55M
Total CORE delegated: 169.72M
Total BTC staked: 5,387
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: Core Foundation launched Core Commit Program, its developer-focused funding and mentorship initiative.
🔸Why it matters: The Core Commit Program aims to foster innovation within the ecosystem by providing a group of developers a three-month program to build decentralized applications (dApps). The announcement states that up to 10 teams will be selected to participate and receive support from Core’s business development and developer relations teams.
Through mentorship opportunities and financial backing, it could incentivize developers to choose Core as their network of choice to build on. In turn, the network could see an increase in the amount of projects on the blockchain because of the tools it can provide. As the network continues to grow, Core Commit could be a gateway for developers looking for financial and technical support.
Traditionally, the majority of developers have built on top of the Ethereum network, leaving Bitcoin’s chain often as a second thought for dApp developments. However, if protocols such as Core can provide proper backing and incentivize developers, it could shift past trends.
For web3 developers, it could be hard to find a home for their projects or even guidance on where to start when developing a dApp. In turn, the Core Commit Program hopes to alleviate those challenges and blossom innovation for future Bitcoin developments.
🔸The bigger picture: This program can be seen as part of a broader movement within the Core network and Bitcoin ecosystem.
The chain has recently seen several key developments, including the introduction of a Core exchange-traded product (ETP), Copper’s Dual Staking, and the announcement of LstBTC, a liquid staking token. These innovative products, alongside the Core Commit Program, could attract new user bases to the Bitcoin ecosystem such as traders and developers alike.
Scaling the ecosystem
BitPerp launched its BRC-20 and Runes trading platform to the Core network
X user OrdRevolution created a video on how to join the platform
Core launched a rewards campaign designed to help educate new users on its ecosystem’s projects
Core TVL hit an all time high of $477.65M on Oct. 20, according to DefiLlama data
Metrics on the Core network hit 30 day highs in:
Transaction volume hit $81.62M on Oct. 16
Unique active wallets with 124.6K on Oct. 17
Source: DappRadar
Into the Core community
Solv Protocol co-founder Jing Xiong spoke about the project in the latest blocmates orange podcast episode
Listen to the third episode of the BTCfi Brothers podcast by Core Contributors Kieran and Dylan Dennis
Core hosted a community showcase stream that featured CoreToshi artist Mute
By the headlines
You might have seen these Core-related headlines recently…
Core DAO Review 2024 (Blockchain Reporter)
Avalon Labs Brings Michael Saylor’s Vision to Life, Surpasses $850M in Bitcoin-Backed Loans (Decrypt)
Join in the fun
Want to dive deeper into the Core blockchain?
Hear from BTCfi ecosystem projects and community members in this X space
Core DAO is hosting a special Halloween-themed contest in part with its Ignition campaign - check out the details here
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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.