In 2024, Core DAO reached record-breaking levels in transaction volume, user engagement, and innovation, reinforcing its position in the decentralized finance world.
Record Network Activity and User Engagement
In 2024, the Core Network demonstrated impressive scalability by processing over 329.3 million transactions. Achievements include a peak of 1.7 million daily transactions and 822,653 daily active users, reflecting the network's growth and reliability. User engagement metrics also reached new heights with 453,649 daily new addresses and an average of 336,460 daily transactions. The network saw significant investment, with more than 177 million CORE tokens and 8,200 BTC staked, indicating high trust in the network.
Developer Ecosystem Expansion and Technical Innovation
Core's developer ecosystem greatly expanded in 2024, with over 2,000 new developers joining. This led to an 827% year-over-year increase in developer activity, visible in 3,747 GitHub commits and over 110 pull requests. Additionally, more than 31,500 smart contracts were deployed on the mainnet, supporting over 250 live projects. These technical achievements are crucial for the platform's progress.
Key Projects and DeFi Development
Several groundbreaking projects launched on Core in 2024. These include Colend, the flagship decentralized lending platform, and Bitflux, offering BTC liquidity solutions. Glyph Exchange stands out as it enables seamless trading between EVM and Bitcoin ecosystems. Additional projects like Akka Finance and SolvProtocol showcase the diversity of possible solutions on the platform.
Building on the successes of 2024, Core DAO continues its development with a focus on transforming Bitcoin into a yield-generating asset and reinforcing its role in the future of decentralized applications.
