Core taps into ArtFi to expand ecosystem rewards and engagement
Core Blockchain Overview - January 30, 2025
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.
New here? Subscribe here to get updates to your inbox. Every other Thursday.
The Core blockchain by the numbers
Network’s daily transactions: 602.8K (+55.40%)
Total unique addresses: 38.16M (+6.13%)
ERC-20 daily tokens transferred: 59.89K (-19.17%)
Total CORE delegated: 166.32M (-4.03%)
Total BTC staked: 5,363 (-7.69%)
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 launched an initiative, combining Bitcoin’s network security and DeFi features to transform simple collectibles into functional tools with “ArtFi.”
🔸Why it matters: On Core, NFT collections like Coretoshi contribute to the blockchain through active participation in the community, as each Coretoshi provides governance rights and exclusive access to dApps on the network. This creates an inclusive and engaging experience for the 1,770 Coretoshi NFT holders, as well as the overall Core community. Thus, allowing anyone who owns these NFTs to participate in governance, instead of just allowing those people who have the largest wallet holdings.
Coretoshi and other NFT collections on the network are able to participate in the Core Ignition Drop and activities like its leaderboard and Sparks, adding a gamified aspect to the ecosystem. The combination of the two incentives gives users the ability to compete against other community members and earn rewards. These experiences incentivize users with Sparks, which are similar to a points system, and multipliers based on their holdings and activity in Core’s ecosystem, making participation more dynamic. Leaderboards and asset-based multipliers can drive engagement and encourage users to remain active in the network in order to earn more CORE.
In the first Coretoshi drop mid-January, holders received 36,000 Sparks. Two additional drops are planned for this quarter and next quarter, offering more rewards to the community. In turn, these drops will provide users with further opportunities to earn and engage with the ecosystem.
🔸The bigger picture: The budding sector of ArtFi can encourage more users to participate in the Core ecosystem by engaging them through novel new ways, and can lead to more diverse and frequent transactions on the network.
In general, increased activity supports the growth of the BTCfi ecosystem, strengthening the ecosystem's liquidity and security. As Core DAO continues to expand its staking, NFT, and RWA integrations, it continues to provide users with a consumer chain that aims to make BTCfi more accessible.
Scaling the ecosystem
Learn more about the Core Athena Hardfork, a network upgrade focused on creating better scalability, performance, and staking experiences
Core partnered with Plume Network to integrate into SkyLink to bring RWA yields into the Core ecosystem
Read the latest edition of “Unlocking BTCfi” to learn about Dual Staking, NFT Japan and more
Highlights from Messari’s report on the State of Core DAO in Q4 2024:
DeFi TVL increased by 90% to $811.8M
Daily active addresses increased 160% to 249,700
Average DEX Volume increased by 225.8% to $2.5M
Fees generated increased 97% to 235K
Check out the Core blog for more updates.
Into the Core community
ICYMI: Watch the latest Core Builder Session to explore more about Optimistic Bridging and NFT transfers between Bitcoin and Core
Learn about Core and BTCfi ecosystem through video content:
Core Contributors Kieran Dennis and Dylan Dennis released their latest episode of BTCfi Brothers podcast - watch here
Initial Core Contributor Rich Rines went on a podcast to to speak about how Core is transforming bitcoin from just a store of value
Tune in to the Core DAO AMA session with IceCreamSwap, Jan. 30th at 1PM UTC on X
Join in the fun
Want to dive deeper into the Core blockchain?
Check out Season 2 of The Inscription Tombola Airdrop on IceCreamSwap
Learn more about how you can get up to 6x Spark Multipliers with the Lucky Giftbox
To get this newsletter delivered to your inbox every other Thursday, subscribe here.
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.