Bitcoin DeFi Flourishes: Core Blockchain Reaches $260M in Dual-Staked Assets

The Bitcoin blockchain has seen a significant surge in its decentralized finance (DeFi) applications, reaching a milestone of over $260 million in dual-staked assets. This growth is attributed to the increasing interest from institutions seeking to leverage Bitcoin for yield generation through Core, a proof-of-stake blockchain built on top of Bitcoin. 44 million Core tokens have been locked with approximately 3,140 Bitcoins, allowing investors to potentially earn higher returns by pairing their Bitcoin holdings with CORE tokens. This dual-staking model boosts staking rewards significantly, multiplying them by more than 15 times.