Core DAO updates users on the Core bridge performance after one week in the DeFi space. The numbers are positive, indicating a significant breakthrough for the protocol’s development in the industry.
Successful Cross-chain Integration and Diversification
Core DAO’s Core bridge, in partnership with LayerZero, was a phenomenal innovation for builders and the entire community. Since the feature went live on March 21, numerous cross-chain transactions have been registered on the Satoshi Plus Consensus protocol.
The Layer-1 blockchain platform, in a bid to update users about the successful launch, shared some updates on Twitter. According to the report, over 5M in stables (USDT and USDC) were in circulation during the first week of launch, courtesy of projects enabling the assets through the bridge. Similarly, projects facilitated the cross-chain transaction of over $1M worth of WETH for their users.
The innovation offers users seamless cross-chain interaction and diversification across the Core ecosystem. With numerous protocols joining the chain, it will facilitate the expansion of its powerful tools and resources to other ecosystems in the crypto space.
As of writing, over 250 protocols are building on the decentralized blockchain combining Bitcoin’s Proof of Work (PoW) and Ethereum’s Delegated Proof of Stake (DPoS). BSC News expects more projects to join and leverage the Core bridge to attract and accommodate more users in the industry.
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Source : bsc.news
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