Core DAO Sees Massive Growth in 2024: Report

Core DAO reports unprecedented growth in 2024 with 329M+ transactions, 2,000+ new developers, and 8,200 BTC staked. Discover how this Bitcoin-secured blockchain is revolutionizing DeFi.
BSCN
February 11, 2025
Core DAO, the Bitcoin-secured blockchain platform, has reported extraordinary growth and development throughout 2024, marking a transformative year for the ecosystem. The platform's latest report reveals unprecedented achievements in developer adoption, transaction volume, and technical innovation, establishing Core DAO as a frontrunner in Bitcoin-based decentralized finance (BTCfi) and blockchain innovation.
Record-Breaking Network Activity and User Engagement
The Core Network demonstrated exceptional scalability and robust performance in 2024, successfully processing more than 329.3 million transactions throughout the year. The platform achieved several significant milestones, including an all-time high of 1.7 million daily transactions and 822,653 daily active users, showcasing the network's growing adoption and reliability.
User engagement metrics reached new heights with 453,649 daily new addresses and an average of 336,460 daily transactions, indicating strong and sustained growth in the ecosystem. This impressive performance is backed by substantial investment in the network, with more than 177 million CORE tokens and 8,200 BTC staked at all-time highs. Perhaps most notably, approximately 75% of Bitcoin miners' hashrate has been delegated to the Core Network, demonstrating unprecedented integration with the Bitcoin ecosystem and confidence in Core's security model.

Developer Ecosystem Expansion and Technical Innovation
The year 2024 marked a pivotal moment for Core's developer community, with over 2,000 new developers joining the ecosystem. This influx of talent contributed to an extraordinary 827% year-over-year increase in development activity, reflected in 3,747 GitHub commits and more than 110 pull requests. The platform now boasts over 100 active contributing developers, representing a 185% growth from the previous year.
The technical achievements extended to practical applications, with developers deploying more than 31,500 smart contracts on the Core mainnet. The ecosystem now supports over 250 live projects, ranging from decentralized exchanges to lending platforms and innovative BTCfi solutions.
Flagship Projects Revolutionizing BTCfi
Several groundbreaking projects launched on Core in 2024, each contributing to the ecosystem's diversity and functionality:
Colend: Decentralized Lending Revolution
Colend emerged as the flagship decentralized lending and borrowing platform, enabling users to leverage their Bitcoin holdings for loans and yield generation in a secure, trustless environment. The platform's integration with Core's infrastructure has set new standards for Bitcoin-backed lending services.
Bitflux: Pioneering BTC Liquidity
Co-incubated by UTXO Management and Core Ventures, Bitflux launched as the first dedicated BTC liquidity platform on Core. The platform transforms Bitcoin into a productive, yield-generating asset while offering secure, low-slippage swaps and impermanent loss-free liquidity options.
Glyph Exchange and Advanced Trading Solutions
Glyph Exchange established itself as a comprehensive decentralized exchange, successfully bridging Ethereum Virtual Machine (EVM) liquidity with the Bitcoin ecosystem. The platform enables seamless trading of BRC-20 and ERC-20 tokens, alongside various inscription assets.
Innovation in DeFi Services
The ecosystem welcomed several other notable projects, including Akka Finance, an AI-powered liquidity aggregator, and SolvProtocol, a leading Bitcoin staking platform offering cross-chain liquidity solutions. These projects demonstrate the diverse applications possible on the Core network.
Technical Infrastructure Advancements
Revolutionary Non-Custodial BTC Staking
April 2024 saw the introduction of Non-Custodial BTC Staking, a groundbreaking feature allowing users to stake Bitcoin while maintaining complete custody of their assets. This innovation attracted significant participation, reaching an all-time high of 8,200 staked BTC through validators on Core.

The Fusion Upgrade: Transforming Network Capabilities
The Fusion Upgrade marked a pivotal moment in Core's technical evolution, introducing enhanced scalability, improved performance, and the innovative "Dual Staking" feature. This upgrade allows users to maximize yields by simultaneously staking both CORE and BTC tokens, representing a significant advancement in staking technology.
Community Development and Education Initiatives
Core's commitment to developer education and community growth manifested in numerous initiatives throughout 2024. The platform hosted over 50 global developer-focused events, including the landmark BTCfi Summer Hackathon, which featured:
- A substantial prize pool worth $250,000
- 291 participants from around the world
- 74 project submissions across 8 different tracks
- 5 successful projects transitioning to the Core Mainnet
The launch of the Core Developer Playground provided an interactive environment for developers to experiment and build, while five comprehensive developer courses attracted over 10,000 builders. The ecosystem's growth was further supported by a network of 30+ Tech Ambassadors and the creation of 10+ detailed technical tutorials on GitHub.

Looking Forward: 2025 Growth Strategy
Building on the remarkable success of 2024, Core DAO has outlined an ambitious roadmap for 2025, focusing on:
- Expanding developer incentive programs to attract more builders
- Organizing additional global hackathons and bootcamps
- Launching enhanced educational initiatives
- Introducing new developer tools and resources
- Scaling the ecosystem through strategic partnerships and integrations
Conclusion
Core DAO's exceptional performance in 2024 demonstrates its emerging role as a crucial bridge between Bitcoin and decentralized finance. The platform's robust technical infrastructure, growing developer community, and innovative projects position it as a leader in the evolution of Bitcoin-secured blockchain technology.
As Core DAO moves into 2025, its focus remains on transforming Bitcoin from a pure store of value into a versatile, yield-generating asset capable of powering the next generation of decentralized applications. With its strong foundation and clear vision for the future, Core DAO is well-positioned to continue driving innovation in the blockchain space.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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