News

Core Blockchain Surpasses $400M TVL, Leads Bitcoin Layer 2 Scaling

Key points:

  • Core’s TVL has jumped from near-zero in early 2024 to its current position, taking the top spot over other Bitcoin L2 solutions like Rootstock and Bitlayer.
Core Blockchain surpasses $400M TVL, making it the leading Bitcoin Layer 2 scaling solution, driving more efficient and cheaper transactions.

Core Blockchain Surpasses $400M TVL Milestone

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 Blockchain Leads Bitcoin Layer 2 Solutions with $411M TVL

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.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

Recent Posts

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

2 hours ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

5 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

8 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

8 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

9 hours ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

9 hours ago

This website uses cookies.