Welcome to the Core Blockchain Overview. In this edition, we explore CORE’s token growth since its liquidation cascade, interviews about bitcoin staking and privacy, and RWAs.
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The Core Blockchain By The Numbers
Total Value Locked (TVL): $8.16M (+48.4%)
Weekly DEX volume: $809.39K (+204.6%)
Stablecoin market cap: $3.9M (+0%)
Total CORE delegated: 267.8M (+4.9%)
Total BTC staked: 2,497 (+8.1%)
The percentages and metrics are based on a 14-day timeframe from Token Relations data, unless noted otherwise.
Inside The Network
🔸What we’re watching: The CORE token is recovering alongside the broader market as selling pressure has eased lately. The token now trades at around $0.0487, up 55.8% from its March 29 lows at the time of publication. Accordingly, its market cap has recovered to $52.58 million.
While the token remains below its pre-cascade level of $0.0658, its recovery has outpaced bitcoin, which rose roughly 16.6% to $77,802 in the same period.
🔸Why it matters: CORE likely outperformed bitcoin in terms of recovery thanks to broader liquidation pressures on bitcoin, alongside a market recovery due to news of a ceasefire agreement between Iran and the U.S.
When a sell-off causes positions to close at weakening prices, it tends to create an overshoot below what was previously considered an asset’s fair value. This forces investors to sell, so once those positions are cleared, prices start recovering levels before the sell-off.
Core says the vast majority of positions were cleared and the network has limited residual exposure. That clearing matters because it removes an ongoing source of sell pressure and establishes a cleaner price floor.
CORE is still roughly 34% below its pre-cascade price, and the gap reflects residual risk premium from the event, macro pressures, or both. However, as the token’s price should relocate to normal levels if network activity and technical fundamentals remain intact.
🔸The bigger picture: This rebound shows that the cascade was a market-structure event, rather than a verdict on the network.
The price action since March 29 is consistent with that interpretation, though the full recovery to pre-cascade levels is not yet complete.
Ecosystem highlights
Check out these interviews about Core and the Z Protocol:
Initial Core Contributor Rich Rines spoke on the When Shift Happens podcast about bitcoin yield, the growing privacy concerns driven by AI, and how the Z Protocol could offer a potential solution
Kieran Dennis, co-founder of Z Protocol, explained how its AI agent privacy infrastructure service works with Core and Zcash to create a programmable privacy layer for autonomous apps
Wu Blockchain interviewed Rines and Dennis about Z’s onchain agent economy
ASX Capital launched auto-staking for its ASX token
Core Contributor Chris Flores released an explainer on asset management protocols, and how Core automatically allocates capital to various yield vaults
Join in the fun
Join the Core Ambassador program and help grow the ecosystem
Sign up for SatPay’s bitcoin-focused neobank app
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.