COREx, a decentralized exchange (DEX) for the Core blockchain ecosystem, experienced a significant surge in its total value locked (TVL), reaching a record $34 million on September 5. This marks an over 600% increase in TVL within the past month.
However, data from DefiLlama indicated a sharp decline in liquidity to $4 million the previous day, raising questions about the accuracy of tracking or a sudden liquidity drop. COREx reports its TVL at nearly $44 million today.
Core, a DEX forked from Uniswap, operates on a layer 1 blockchain combining Bitcoin and Ethereum elements, using the Satoshi Plus consensus mechanism. The most deposited asset on COREx is SolvBTC.B, accounting for 85% of the total value.