The CoreDAO Network has experienced impressive growth over the past month, marked by substantial increases in both user engagement and asset inflows.

In just 30 days, the platform gained 10.7 million new addresses, a surge of 56.5%, reflecting rising user interest in CoreDAO’s expanding ecosystem and the daily participation of a highly engaged community.

Total Value Locked (TVL) on CoreDAO also saw an exceptional rise, jumping by 95.2% from $361.4 million to over $700 million. This sharp increase highlights the growing confidence of investors and users alike, who are drawn to the diverse range of decentralized financial services CoreDAO offers.

Currently, lending, borrowing, restaking, and farming protocols dominate the platform, representing 93.9% of CoreDAO’s total value locked.

Some of the standout projects fueling this growth include Pell Network, Colend, Avalon Finance, Desyn Lab, and COREx. These protocols have become integral to the CoreDAO ecosystem, driving engagement with their unique services and robust liquidity options.

The growth trends observed on CoreDAO are a testament to the platform’s increasing popularity within the decentralized finance space. The influx of new users and the substantial jump in TVL underscore CoreDAO’s success in building an attractive environment for DeFi activities, positioning it as a formidable player in the blockchain and crypto space.

As CoreDAO continues to grow, the network’s expanding user base and strong TVL performance suggest a promising future ahead. Investors and users are closely watching to see how CoreDAO will sustain this momentum and capitalize on its increasing market share.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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