Welcome to the Core Blockchain Overview. In this edition, we announce our new Core dashboard that visualizes its BTCfi ecosystem to help investors better understand the architecture.
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The Core Blockchain By The Numbers
Total Value Locked (TVL): $25M (-12%)
Weekly DEX volume: $64.9K (-34.9%)
Stablecoin market cap: $2.2M (-0.9%)
Total CORE delegated: 304.5M (+1.7%)
Total BTC staked: 2,210 (+6%)
The percentages and metrics are based on a 14-day timeframe from Token Relations data, unless noted otherwise.
Inside The Network
Token Relations has launched Core Dashboard, a real-time analytics platform built to provide insight into economic activity across stablecoins, trading volume and protocols on the network. In addition to providing common metrics, like TVL and active addresses, the Core Dashboard helps you dive deeper and visualize Core’s Bitcoin DeFi (BTCfi) architecture and revenue flywheel.
In this article, we explore a few ways the Core Dashboard visualizes the network’s BTCfi ecosystem:
Bitcoin Power Grid
The Bitcoin Power Grid aligns Bitcoin's hash power and staked assets with an EVM-compatible smart contract layer. This structure utilizes Bitcoin's network security while enabling decentralized applications.
Core leverages Bitcoin’s network to further segment the power grid into a three-layer architecture: Foundation, Protocol, and Distribution. These layers are secured by three consensus mechanisms: Delegated Proof of Work (borrowing Bitcoin miners' hashpower), non-custodial bitcoin timelocking, and Delegated Proof of Stake (CORE token staker-driven validator selection).
Bitcoin flows into the network; CORE tokens flow out as the programmable yield layer.
Revenue Flywheel
Core’s revenue flywheel operates across four stages. Bitcoin security (hashpower and timelocking) enables onchain activity; that activity drives staking and BTCFi usage across DeFi, yield, and protocols. The usage then generates protocol revenue through fees, MEV, and yield; and that revenue funds CORE token buybacks, which reinforce the security layer and restart the cycle.
Neobank & SatPay
Core’s neobanking and SatPay products help bring traditional finance to the onchain world, offering payments services through Core’s decentralized network.
The diagram illustrates the full cycle: bitcoin is deposited, dual-staked for yield, used as collateral for stablecoin loans, and spent via SatPay. Staking yield offsets the borrowing cost over time.
Ecosystem highlights
Token Relations and Core will be hosting a quarterly webinar on March 31 at 11 AM ET
Core is upgrading its tech stack using methodology approved by the National Institute of Standards and Technology in order to protect against risks enabled by quantum computing
Core Contributors Rich Rines and Rumeel Hussain will explain what this upgrade involves and why it matters for bitcoin on an X space on March 27
The amount of CORE tokens staked hit an all-time high of 304.8M on March 24
Check out the Core blog for more updates.
Delve into the Core community
ASX distributed its monthly dividend to Mountain View Apartments RWA holders
Gunnies listed its onchain shooter royale game on the Epic Games Store
Core Contributor Chris Flores released an explainer on liquid staking tokens, and how it makes capital productive without giving up price exposure
Join in the fun
Want to dive deeper into the Core blockchain?
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 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.