Key points:
The Core Blockchain surpasses $400M TVL and hit an all-time high, setting a significant milestone in the Bitcoin Layer 2 scaling landscape. Performance has outshone other Bitcoin L2s, including Rootstock and Bitlayer.
This boost in TVL represents increased interest in better ways to process Bitcoin transactions. Core enables faster and cheaper transactions by operating off-chain while using Bitcoin for security, according to The Block.
Read more: Core DAO: Explore The Freedom On Blockchain
Core became the largest Layer 2 scaling solution for Bitcoin, with a market-leading position at $411 million in TVL. This is an indication of rapid, increased adoption within the Bitcoin scaling ecosystem.
Success in the continued expansion of Core means that this very dominance lends itself to a question of broader adoption and competition. In turn, this success suggests that scalable solutions are increasingly required to move forward with Bitcoin transactions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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