Monthly increase of 600% observed in Total Value Locked (TVL) for Core Chain's decentralized exchange, COREx DEX.

Monthly increase of 600% observed in Total Value Locked (TVL) for Core Chain's decentralized exchange, COREx DEX.

The Core decentralized exchange (DEX) has seen a significant surge in its Total Value Locked (TVL) in the past month, reaching a peak of $34 million on September 5. However, the following day, the TVL tumbled to only $4 million, according to data available on various blockchain analytics platforms.

The exact cause of this volatility in TVL is unclear, with no concrete and verified information found in the search results. Sudden large surges and drops in TVL in the decentralized finance (DeFi) sector often occur due to various reasons, such as the launch of liquidity mining or yield farming incentives, early liquidity providers withdrawing en masse, or sudden exploits or hacks.

COREx, the DEX forked from Uniswap specifically designed for the Core blockchain, has consolidated its position as the largest DEX and the third-largest dapp on the Core blockchain. SolvBTC.B, a yield-generating Bitcoin derivative issued by the Solv Protocol on the BNB Chain, accounts for nearly 85% of the total value deposited on COREx, with over $28 million in TVL.

Meanwhile, Colend, a lending dapp for the Core chain, remains the largest native dapp with a TVL of $119 million, significantly higher than that of COREx. Last month, Colend reached a record $180 million in TVL.

It's worth noting that no recent public data was found in the search results to specify COREx’s present TVL as of August 25, 2025. To get the most accurate and updated TVL data, it is recommended to check the official COREx platform, block explorers, or DeFi analytics sites directly.

Core is a layer 1 chain that combines elements from Bitcoin and Ethereum, and uses a consensus mechanism called Satoshi Plus, which includes Delegated Proof of Work (DPoW), Delegated Proof of Stake (DPoS), and non-custodial Bitcoin staking. COREx is compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to port Ethereum dApps to the Core blockchain.

In conclusion, the recent surge and dip in COREx's TVL may be due to various reasons, and further investigation is required to determine the exact cause. To stay updated on the latest TVL figures and news about COREx and Colend, it is recommended to visit their official platforms or trusted DeFi analytics sites.

Investing in COREx, the largest Decentralized Exchange (DEX) on the Core blockchain, could offer potential returns due to its significant surge in Total Value Locked (TVL) in the past month. However, it's essential to stay updated on the latest news, finance, and technology developments in the Decentralized Finance (DeFi) sector, as sudden volatility in TVL can occur due to various reasons.

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