Launched in January 2023, Core DAO has quickly established itself as a leading force in the Bitcoin-focused blockchain space, drawing attention for its unique architecture and community growth.
Community Growth and Market Presence
Core DAO has shown remarkable growth since its inception. It has built an engaged community with over 2 million followers on XTwitter and 270,000 Discord members. The network handles 5 million active wallets and has processed 343 million on-chain transactions, with a total value locked (TVL) nearing $900 million.
Technical Infrastructure and Innovation
A key innovation of Core DAO is its 'Satoshi Plus' consensus mechanism. The network architecture supports Ethereum Virtual Machine (EVM) compatibility, bridging Bitcoin's security with Ethereum's smart contract functionality. Continuous technical enhancements include the introduction of coreBTC and lstBTC.
CORE Token Analysis
The CORE token serves three main functions within the ecosystem: gas fee payment, staking mechanism, and governance participation. It features a maximum supply of 21 billion tokens distributed over 81 years. The tokenomics include deflationary mechanisms via transaction fee burning.
Core DAO represents significant potential in the blockchain space, integrating Bitcoin security with Ethereum functionality. The platform's robust growth, driven by technical innovation and a strong community, offers new opportunities in decentralized finance.
