Coin overview
BABY
Ended--
Last price (USDT)
415.24K
24h total (USDT)
979.35K
Total vol (USDT)
2025-04-03 13:00:00 ~ 2025-04-10 09:30:00
Trading time (UTC+0)
2025-04-10 11:00:00 ~ 2025-04-10 15:00:00
Delivery time (UTC+0)
Total supply10.01B
Introduction
Babylon is a decentralized protocol that enables native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. The protocol implements a novel shared-security architecture that extends Bitcoin's security model to the broader decentralized ecosystem. Through its architecture, BTC holders can participate in multi-staking operations while maintaining their assets on the Bitcoin network, providing verifiable security guarantees to Bitcoin Secured Networks (BSNs). Babylon Genesis is the first Bitcoin Secured Network (BSN) to leverage Bitcoin's security and serves as the control plane for security and liquidity orchestration for future BSNs. Built on the Cosmos SDK framework, Babylon Genesis introduces key innovations for enhanced PoS security and interoperability, unlocking Bitcoin's potential beyond its traditional role as a store of value.
BABY is live! Bullish or bearish? Join to share 24,000 BABY!
🔥 New coin BABY now live on Bitget! Users who hold or have traded BABY are eligible to win activity rewards and share a prize pool of up to 24,000 BABY! You can share your views on BABY’s price predictions, trading experiences, or your next trading plans. First-time posters in Insights can additionally share a prize pool of up to 6,000 BABY! Additionally, outstanding posts and high-quality comments will be selected for extra rewards, and get official promotion (including a featured spot on the BABY K-line - Insights Community page). 🙋 Join the topic: https://www.bitget.com/insights/topics/details/13401 💎 Prize Pool Requirements: - You must hold or have traded BABY during the activity period. - Posts must include the topic tag and coin tag $BABY. - At least one post must have more than 3 interactions (likes + comments). Activity Period: From 2025-04-10 10:00 UTC to 2025-04-17 16:00 UTC. You can post your insights directly from the coin’s K-line page for more exposure and interactions. Here’s how: Activity Rules: 1️⃣ Participation Prize: Share a total prize pool of up to 15,000 BABY Award Rules: The prize pool increases based on the number of participants. Number of participants Prize Pool Less than 100 1,000 BABY 100-500 participants 4,000 BABY 500-1,000 participants 8,000 BABY More than 1,000 participants 15,000 BABY 2️⃣ First-time Poster Prize: Share a total prize pool of up to 6,000 BABY Award Rules: The prize pool increases based on the number of first-time posters. Number of participants Prize Pool Less than 50 500 BABY 50-100 participants 1,000 BABY 100-200 participants 3,000 BABY More than 200 participants 6,000 BABY 3️⃣ High-Quality Post and Comment Prize: - Each post will receive 200 BABY Award Rules: 10 selected high-quality posts will each receive 200 BABY. To make it easier for you to qualify: - Provide analysis to support your view and show unique insights on BABY’s price movements or predictions. - Data support: Reference relevant market data, charts, or screenshots to strengthen your content’s credibility. - Each high-quality comment earns 100 BABY Winning Rules: 10 high-quality comments will be selected, each receiving a 100 BABY reward. Terms and Conditions: - Avoid posting duplicate content; copying others’ posts or repeating submissions may result in disqualification. - Rewards will be distributed to winners’ accounts within 7 business days after the event ends. - Posts must be relevant to the event theme. Spam, irrelevant content, or cheating behaviors such as fake accounts or like manipulation will lead to immediate disqualification. For more details, please refer to the: https://www.bitget.com/support/articles/9139373288473-insights-agreement-and-disclaimer. - Bitget reserves the right of final interpretation for this event. For inquiries, please join the official Insights Telegram group (@BitgetInsightsOfficial).
Babylon BABY Token Launch, Airdrop, Controversy: Everything You Need to Know
Babylon launched its BABY token today after a brief delay from Binance. The toke quickly surged 40% to hit $0.15. driven by the listing hype, but airdrop sell-offs and profit-taking saw BABY crash shortly after. Over the past week, Babylon’s airdrop has been subjected to much controversy. At the time of reporting, the token’s market cap stands just below $185 million. BABY Airdrop and Token Launch Token staking is a popular way to gain passive income in the space, and it’s growing noticeably. Last year, Babylon began offering Bitcoin staking and added on-chain yields soon after. Today, Babylon launched its new BABY token, which began trading on Binance. “Binance is excited to announce that Babylon (BABY) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, and Binance Futures,” the exchange claimed in its announcement. Binance, the world’s largest crypto exchange, was a natural candidate for Babylon’s BABY launch. It dominates the vast majority of crypto airdrops, and it offers very popular listings. The firm had to delay the official launch for a few hours, but it went off smoothly. BABY was also listed by several other exchanges, including MEXC, which conducted an exclusive BTC Fixed Saving Event offering an Annual Percentage Rate (APR) of up to 99% in anticipation of the BABY token listing. Babylon BABY Price Chart Since Launch. Source: CoinGecko Babylon is a decentralized protocol that enables native, self-custodial Bitcoin staking. It allows holders to stake directly on the Bitcoin network to enhance security without relinquishing control of their assets. Last week, the project airdropped 600 million tokens ahead of the token launch. The initial airdrop represented 6% of the total supply of BABY tokens, which were distributed to early adopters in several categories. These include Phase 1 stakers, Pioneer Pass NFT holders, and contributing developers. However, shortly after this airdrop, over $21 million worth of Bitcoin was unstaked from the Babylon protocol within 24 hours. Increasing Concerns About Tokenomics Also, its tokenomics indicate that nearly 66% of the total supply is controlled by insiders or the foundation. The substantial allocation raises concerns about potential centralization and the influence insiders may have on the project’s future. Babylon just released its $BABY tokenomics.TLDR: – 66%+ controlled by insiders or the foundation – “Community” funds can be used for marketing/acquisitions – No DAO, no guaranteed user distributionBut here’s the real problem…Babylon won’t fail because of tokenomics.… — Matt | Arch (@proofofmud) April 3, 2025 Yet, there are community members refuting these concerns and backing the project. While insider allocation is high, access to that allocation is gated and structured to avoid market abuse. Compared to recent examples where insiders had early staking rights and sold off rewards, such as EigenLayer, Babylon has deliberately built protections into its tokenomics to maintain fairness and avoid token dumping dynamics. VCs, team, and advisors have no token unlocks in Year 1. This prevents early investors from front-running the market and dumping tokens during the protocol’s most fragile growth phase. Most importantly, locked insider tokens are not allowed to be staked, which is rare. Just went through @babylonlabs_io's $BABY tokenomics, and it’s actually looking quite good.First major BTCFi infra on $BTC, so expectations are high for this one ngl.➥ Major Tokenomics Keypoints:▸ 15% supply to community incentives (full TGE unlock)▸ No VC/team unlocks… — Axel Bitblaze (@Axel_bitblaze69) April 3, 2025 Overall, the long-term performance of the token will reflect how sustainable this tokenomics is. Babylon’s approach to Bitcoin staking has gained significant attention, but the airdrop and subsequent unstaking activities highlight the dynamic nature of user engagement in response to incentive programs
Overview of important events on the evening of April 10th
1. VanEck submits Avalanche ETF application to the SEC; 2. US CPI increased by 2.4% year-on-year in March, lower than market expectations; 3. The US SEC officially accepts Fidelity Solana ETF listing application; 4. Babylon Genesis, an L1 blockchain based on Bitcoin collateral, is officially launched.
Babylon Genesis Officially Launched: Built on Bitcoin as the Security Foundation, Connecting the Decentralized World
The world's first Bitcoin-backed L1 blockchain Babylon Genesis officially launched today, marking a historic milestone in Bitcoin's utility. This launch establishes the Babylon Bitcoin Staking Protocol as a core component of the Bitcoin infrastructure layer, making it not only the most revolutionary staking solution in the Web3 ecosystem but also transforming idle Bitcoin into a foundational pillar of the decentralized economy, unlocking its full potential value. The Babylon protocol innovatively addresses the two core long-standing challenges in the decentralized ecosystem: the potential of idle Bitcoin assets and the Web3 world's need for security, liquidity, and active users. Through the groundbreaking Bitcoin staking protocol, Bitcoin holders can now securely stake their assets to provide security and liquidity support to other decentralized networks while earning rewards, all without relinquishing their self-custody of Bitcoin. This mechanism successfully channels the value and user base accumulated by Bitcoin through mainstream adoption into other decentralized systems, not only promoting deep integration in the decentralized world but also accelerating the ecosystem's path to mainstream applications. Phase One Data: Over 57,000 BTC have participated in staking through the Babylon protocol, showcasing the strong momentum of the Bitcoin ecosystem. Leading cryptocurrency custodian BitGo (top three in the industry) recently announced its support for BTC staking and custody services for the Babylon Genesis native token BABY. Another top-tier institutional custody platform, Anchorage Digital, has also committed to providing BTC staking support through the Babylon Bitcoin staking protocol. Furthermore, leading wallet providers such as Binance Wallet, OKX Wallet, UniSat, and Xverse will support Bitcoin staking from day one. Babylon Genesis marks the successful completion of the second phase in the three-stage launch plan and introduces Bitcoin's security capabilities to a broader blockchain ecosystem. The blockchain will serve three core functions: · First Bitcoin-Backed Network (BSN): By leveraging Bitcoin staking and timestamp technology, it effectively harnesses the security of the Bitcoin network. The Bitcoin timestamp not only defends against long-range attacks but also significantly shortens the unstaking period (around 50 hours for BABY unstaking, around 7 days for Bitcoin unstaking). · Control Plane: Coordinates the interaction of other Bitcoin-backed networks (BSN) with the Bitcoin mainnet, enabling them to access Bitcoin's security protection system and liquidity resources at minimal integration costs. · Liquidity Hub: Safely custodying Bitcoin liquidity through on-chain applications. With its outstanding interoperability, significant benefits to decentralized networks, and convenient integration features, Babylon's Bitcoin integration solution has successfully attracted many well-known networks to join the Bitcoin-protected Network (BSN) ecosystem. Protocols such as Osmosis, TAC, BOB, and Corn have all committed to deploying the BSN solution. Babylon Genesis also supports a rich on-chain decentralized application ecosystem, including: · Tower: A decentralized exchange (DEX) built for the BTCFi ecosystem · Satlayer: Bitcoin re-collateralization infrastructure · Escher: BABY Liquidity Staking Token (LST) protocol designed for DeFi · Milkyway: A modular BABY staking portal supporting liquidity staking and re-collateralization Babylon Genesis is driven by a sound tokenomics model. It features an 8% annual inflation rate, with half allocated to Bitcoin stakers and the other half to BABY token stakers. The token distribution focuses on long-term development. Tokens held by investors, team, and advisors have a 4-year unlocking period, with tokens not allowed to be staked in the first year. In addition to the BSN and wallet providers that have committed to supporting Babylon Genesis and the Babylon Bitcoin Staking Protocol, the Babylon ecosystem is rolling out a strong lineup consisting of over 15 leading Liquidity Staking Tokens (LST) such as Lombard, Solv, Pump, and Bedrock, and over 250 Finality Providers (FP) such as P2P, Kiln, Chorus One, Figment, and Galaxy to help drive adoption and liquidity from inception. Fisher Yu, co-founder of the Babylon project, stated: "Bitcoin has always been the gold standard of security, but until today, this security has been limited to Bitcoin itself. Through Babylon Genesis, we are transforming Bitcoin from idle assets to active, income-generating cornerstones of the digital economy. This is the first time Bitcoin's unparalleled security resource has been securely connected to the wider blockchain ecosystem, providing shared security, liquidity, and utility without compromising self-custody. This release marks a key moment—Bitcoin's economic influence has for the first time transcended the boundaries of its own chain." About Babylon Labs Babylon Labs is focused on developing a Bitcoin security sharing protocol, with a vision to build a decentralized world secured by Bitcoin. Its latest software development achievement is the world's first trustless and self-custodial Bitcoin staking protocol. This protocol enables Bitcoin holders to stake their BTC on other decentralized systems such as Proof of Stake chains, Layer 2 networks, Data Availability layers, etc., allowing stakers to earn rewards without the need for third-party custody, cross-chain bridge solutions, or wrapping services. The grander vision is to combine Bitcoin's high security and widespread adoption with the efficiency and scalability of Proof of Stake systems to enhance Bitcoin's utility. This article is a contributed piece and does not represent the views of BlockBeats.
New spot margin trading pair — BABY/USDT!
We are thrilled to announce that Bitget has launched isolated spot margin trading for BABY/USDT. New listing promotion: To celebrate the listing of new coins, Bitget will randomly distribute spot margin interest vouchers or position vouchers to users. Spot margin interest vouchers can be used to offset part or all of the borrowing interest in margin trades. Position vouchers allow users to open margin trade positions without using their own funds. You can claim vouchers in the Coupons Center . References: Make margin trading at low cost with spot margin trading coupons Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
BABY opened at 0.11 USD, currently quoted at 0.084 USD
The market shows that BABY opened at $0.11, and is now quoted at $0.08464. The market fluctuation is quite large, please manage your risk well.
Babylon Genesis Mainnet Launch: BABY Unlocks BTC Staking Potential for 70+ Chains via Cross-Chain Interoperability Network Axelar
New York, April 10, 2025 — The Babylon Genesis mainnet, which supports BTC staking on the Bitcoin native ledger, has officially launched today. Finality validating nodes have been activated and have started distributing BABY rewards to BTC stakers. On this occasion, Babylon Genesis has partnered with leading Web3 interoperability platform Axelar to integrate the Babylon Genesis ecosystem and its native token BABY seamlessly into the global Web3 network. “Through Axelar’s integration, the Babylon Genesis ecosystem is now connected to over 70 blockchain networks,” said Clayton Menzel, Head of Business Development at Babylon Labs. “This signifies a significant milestone in Bitcoin becoming the security bedrock of the decentralized world. Developers and users can now leverage the Bitcoin staking protocol and extend its benefits beyond single-chain ecosystems.” A New Era of Bitcoin and Cross-Chain Innovation While maintaining the BTC self-custody model, Babylon Genesis has built a transaction layer for proof-of-stake networks seeking robust security. The BABY token integrates into this ecosystem through a transparent governance framework, rewarding early participants and key contributors. By injecting Bitcoin’s stability and liquidity into a broader crypto ecosystem, Babylon Genesis is reshaping the landscape of decentralized finance (DeFi). “Bitcoin's position as an institutional asset not only solidifies its value storage property but also allows it to play a critical role in on-chain innovation,” noted Georgios Vlachos, Co-Founder of the Axelar Protocol and Director of the Axelar Foundation. “This integration opens up new horizons for developers to freely build cross-chain applications and achieve groundbreaking use cases in the decentralized space — all validations ultimately anchoring back to Bitcoin as the original distributed ledger.” A Decentralized Open-Source Interoperability Solution As a leading decentralized open-source interoperability platform, Axelar serves as the ideal bridge for Babylon Genesis’s BABY token. Axelar provides battle-tested infrastructure, facilitating cross-chain transactions exceeding $110 billion in volume, connecting over 70 blockchains, and offering the Interchain Token Service to simplify cross-chain token management. Axelar provides BABY Token with multiple use cases. Developers integrating Bitcoin-backed staking can leverage the following rich tools: · Inter-Chain Token Service (ITS): One-click multi-chain token issuance and upgrade, achieving native cross-chain transfers and bidding farewell to traditional bridging solutions · Inter-Chain Amplifier: Permissionless connection to any new blockchain or off-chain resource, with operations as simple as deploying a smart contract Set Sail Now Babylon Genesis and Axelar are committed to empowering developers, institutions, and users to unlock Bitcoin's full potential in cross-chain innovation. Various Babylon ecosystem teams, including EtherFi, Kinza, Lorenzo, and Tower, have initiated Axelar integration development. Bridge channels will be live in a few days: Join Axelar's official Telegram Announcement Channel for real-time updates. About Axelar Axelar is a Web3 cross-chain interoperability platform that offers the shortest bridging path—connecting an open technology stack across all blockchains. Adopters include Uniswap, Microsoft, and dozens of native multi-chain startups, with the Total Value Locked (TVL) surpassing $1 billion. Axelar provides a top-tier developer tool stack on an open, scalable, and secure cross-chain layer, backed by institutional investors like Binance, Coinbase, Dragonfly, Galaxy, and Polychain. Learn more at: axelar.network About Axelar Foundation The Axelar Foundation is a non-profit organization dedicated to supporting the development and adoption of the decentralized blockchain interoperability platform Axelar Network, which connects multiple blockchain ecosystems. Learn more at axelar.foundation. About Babylon Labs Babylon Labs focuses on the Bitcoin Security Sharing Protocol and aims to build a decentralized world securing Bitcoin. Its latest development is the world's first trustless, self-custodial Bitcoin staking protocol, allowing Bitcoin holders to stake BTC to other decentralized systems (e.g., PoS chains, L2, data availability layers) without the need for third-party custody, cross-bridge solutions, or wrapping services to earn staking rewards. This protocol aims to combine Bitcoin's high security and widespread adoption with the efficiency and scalability of PoS systems to enhance Bitcoin utility. Learn more about Babylon's Bitcoin staking protocol developer, Babylon Labs: Website | Twitter | Discord | LinkedIn Media Contact Karla Vilhelem MarketWaves PR Director [email protected] (754) 215-4315 This article is contributed content and does not represent the views of BlockBeats.
Bitget Spot Bot adds BABY/USDT
We are pleased to announce that Bitget spot bot has now added: BABY/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Babylon: Babylon Genesis L1 blockchain has officially launched
Babylon announced on the X platform that the Layer 1 blockchain, Babylon Genesis, backed by Bitcoin has officially launched. Reportedly, this is the second phase of Babylon's launch of its Bitcoin collateral protocol. Previous news stated that Babylon's Bitcoin collateral was rolled out in three stages: The first stage involved locking in Bitcoin as collateral to expand supply; the second stage involved launching the Cosmos-SDK-based Layer 1 blockchain, Babylon Genesis; and the third stage will involve launching other BSNs (which will allow other networks to access Bitcoin collateral security and liquidity through Babylon Genesis).
BABYUSDT now launched for futures trading and trading bots
Bitget has launched BABYUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on April 10, 2025(UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. BABYUSDT-M perpetual futures: Parameters Details Underlying asset BABY Settlement asset USDT Tick size 0.00001 Maximum leverage 20x Funding fee settlement frequency Every four hours Trading time 7*24 Depending on market risk conditions, Bitget may adjust the parameters from time to time, which may include the tick size, maximum leverage, and maintenance margin rate. For more details, kindly check out: BABY/USDT [Futures] Bitget’s futures include: USDT-M Futures, Coin-M Futures and USDC-M Futures. USDT-M Futures - Trade using USDT for all pairs. You can choose USDT to trade multiple currency pairs at the same time, in which multiple futures share the same account equity, profit, loss and risks. Thank you for your support and attention to Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Bitget x BABY Carnival: Grab a share of 1,489,500 BABY
Activity 1: PoolX – Lock BTC to get BABY airdrop Locking period: 10 April 2025, 10:00 – 13 April 2025, 10:00 (UTC) Total airdrop: 600,000 BABY Lock Now BTC Locking pool details Total BABY airdrops 600,000 BABY Maximum BTC Locking limit 1 BTC Minimum BTC Locking limit 0.0001 BTC Token allocation: BTC pool airdrop per user = user's locked BTC ÷ total locked BTC of all eligible participants × corresponding pool airdrops. Activity 2: CandyBomb – Trade to get BABY airdrop Promotion period: 10 April 2025, 10:00 – 17 April 2025, 10:00 (UTC) Join Now Spot Trading Pool details: Total BABY airdrops Requirements Airdrop allocation Airdrop per user (BABY) BABY spot trading pool (new user only) 622,000 BABY BABY spot trading volume >= 100 USDT First 1,555 users (First come, first served) 400 Note: The first 1,555 new users to complete the trading task will evenly share 622,000 BABY, with each receiving 400 BABY. First come, first served! Activity 3: Social Giveaway - 137,500 BABY Up for Grabs! Promotion period: 10 April 2025, 10:00 – 17 April 2025, 10:00 (UTC) How to participate: Follow Bitget and Babylon on X. Repost/quote the giveaway post with the hashtag #BABYlistBitget and tag your friends. Sign up, deposit or trade BABY on Bitget Fill out the form in the giveaway post. 🎁 Bonus: 500 qualified users will be randomly selected to equally share the campaign pool. Activity 4: Community Campaign: Win Your Share of 130,000 BABY Promotion period: 10 April 2025, 10:00 – 17 April 2025, 10:00 (UTC) Complete 4 tasks below and win $10-$30 BABY airdrop: Join both Bitget Discord and BGB Holders Group Sign up, download Bitget APP and complete KYC Make a net deposit of over 100 USDT Complete a BABY/USDT deposit or spot trade of any amount Terms and conditions 1. Participants must complete identity verification to be eligible for the promotion. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Users must complete identity verification to participate in the promotion. Sub-accounts, institutional users, and market makers are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their airdrop if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim airdrop), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Babylon Genesis launches as first-ever layer-1 secured by Bitcoin
Babylon Labs has officially launched Babylon Genesis, the first-ever Layer-1 blockchain secured by Bitcoin. Babylon Labs (BABY) just announced that Babylon Genesis Layer-1. This launch follows the initial Phase 1 rollout in August 2024, which introduced Bitcoin ( BTC ) staking through self-custodial contracts. Since the initial launch, the protocol has attracted 49678.65 BTC ($4.06B) staked in self-custodial contracts. According to DefiLlama , Babylon currently ranks second in Total Value Locked among restaking protocols, after EigenLayer . Source: DefiLlama With today’s launch, the project enters Phase 2. This stage includes the full release of the Genesis blockchain, the activation of core infrastructure such as validator nodes and finality providers, and the debut of the BABY token, which is now available for transfers and staking . Eligible users will receive airdropped BABY tokens directly to their wallets, and both transferring and staking the token are supported from day one. The final phase, Phase 3, will introduce additional Bitcoin-Secured Networks, enabling other blockchains to access BTC staking security and liquidity via Babylon Genesis Layer-1. Babylon offers a unique way to stake Bitcoin in that it allows users to lock their BTC in self-custodial contracts while maintaining ownership. Unlike traditional staking, where assets are handed over to a smart contract or custodian, Babylon’s method ensures full control remains with the user. If a participant, like a validator or finality provider, acts dishonestly, their staked BTC can be “slashed” (partially penalized), similar to Proof-of-Stake blockchains. “Bitcoin OGs really care about custodying [their] own keys, having control over [their] own financial decisions,” said Spencer Yang, co-founder of Fractal Bitcoin, in an interview . The blockchain is secured by validators staking BABY token and finality providers staking BTC for extra security. Looking ahead, one major feature to look out for is a trust-minimized bridge between Bitcoin and Genesis, called BitVM2. This will enable BTC to flow into the Babylon ecosystem without relying on multisig setups, using slashing and cryptographic techniques to enforce trustless behavior.
Bitcoin staking protocol Babylon rolls out Genesis mainnet in second stage of its phased launch
Bitcoin staking protocol Babylon has launched its "Genesis" mainnet, the second stage in a three-part “phased” rollout , according to an announcement on Thursday. The protocol, launched last August, has accumulated over 57,000 BTC, worth over $4 billion, in total value locked. Babylon is a self-custodial system designed to let users earn yield on their bitcoin, which is locked up in a proof-of-stake scheme to provide security to additional applications. The team is pitching Babylon Genesis as “the world’s first L1 blockchain secured by Bitcoin.” "Bitcoin has always been the benchmark for security, but until today, that security has been limited to the Bitcoin network itself," Babylon co-founder Fisher Yu said in a statement. "Through Babylon Genesis, Bitcoin is evolving from an underutilized asset into a dynamic cornerstone of the broader digital economy." Babylon also enables users to stake its BABY token, with rewards split 50-50 between BTC and BABY token stakers. According to tokenomics details announced earlier this month, BABY will have an initial total supply of 10 billion tokens, of which 6% will go toward early adopters. Thursday's launch comes several exchanges including Bybit and Bithumb list BABY futures. A number of major crypto firms and projects reportedly plan to integrate Babylon as a bitcoin staking solution, including crypto custodians Bitgo and Anchorage and the non-custodial Binance and OKX wallets. Cosmos-based decentralized exchange Osmosis also announced a planned integration. Allnodes, Figment, and Galaxy Digital are among the protocol’s 250 "finality providers." These maintain network uptime by approving transactions, similar to the role of validators in traditional PoS ecosystems. Babylon raised an $8 million seed funding round disclosed in March 2023, an $18 million Series A co-led by Polychain Capital and Hack VC in late 2023 and an additional $70 million funding round led by Paradigm around the time of its testnet launch in 2024.
Babylon Genesis Chain is scheduled to go online at 18:00 on April 10
According to Foresight News, Babylon Genesis Chain is scheduled to go live on April 10, 2025 at 18:00 and is the first blockchain secured by Bitcoin staking. Babylon will launch the Bitcoin staking protocol in three phases, with the second phase launching with features including airdrops, dual staking, BABY staking, and Bitcoin staking. For security reasons, in the first two weeks, only active Bitcoin stakers from Cap-1 in the first phase (about 1,000 Bitcoins) will be whitelisted for the second phase of staking registration. After two weeks, Bitcoin staking registration will be completely permissionless. All unbound first phase staking and new Bitcoin staking can be registered.
[Initial Listing] Bitget Will List Babylon (BABY) in the Innovation and DeFi Zone!
We are thrilled to announce that Babylon (BABY) will be listed in the Innovation and DeFi Zone. Check out the details below: Deposit Available: Opened Trading Available: 10 April 2025, 10:00 (UTC) Withdrawal Available: 11 April 2025, 11:00 (UTC) Spot Trading Link: BABY/USDT Introduction Babylon is a decentralized protocol that enables native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. The protocol implements a novel shared-security architecture that extends Bitcoin's security model to the broader decentralized ecosystem. Through its architecture, BTC holders can participate in multi-staking operations while maintaining their assets on the Bitcoin network, providing verifiable security guarantees to Bitcoin Secured Networks (BSNs). Babylon Genesis is the first Bitcoin Secured Network (BSN) to leverage Bitcoin's security and serves as the control plane for security and liquidity orchestration for future BSNs. Built on the Cosmos SDK framework, Babylon Genesis introduces key innovations for enhanced PoS security and interoperability, unlocking Bitcoin's potential beyond its traditional role as a store of value. Contract Address (Babylon Mainnet): https://www.mintscan.io/babylon Website | X | Telegram How to Buy BABY on Bitget Fee Schedule Price Market Data 7-Days Limited-time Buy Crypto Offer: Buy BABY with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
April 9th Market Key Insights, How Much Did You Miss?
Top News 1.Aave Launches Token Buyback Mechanism, with a First-Month Buyback Budget of $4 Million 2.Binance to List BABY on April 10 3.Miners such as Avalon A1466 and Ant S19 XP Hyd. Have Reached Shutdown Coin Price 4.Current Mainstream CEX, DEX Funding Rates Indicate Market Still in Comprehensive Bearish Trend 5.QCP: Tariffs Aggravate Cryptocurrency Market Volatility, Further Stock Market Decline May Cause Bitcoin to Break Below $75,000 Support Featured Articles 1.《104% Tariff Triggers China-US Trade War Panic, Can Bitcoin Hold the $70,000 Mark?》 However, after several days of negotiation, the market did not receive good news. From 10% at the beginning of the year to 20% in March, and up to 34% in early April, now with an additional 50% "retaliatory escalation," the China-US trade friction has escalated into an "economic nuclear war." 2.《To Wage the Tariff War, Trump Lost Over $500 Million in One Week》 When Trump announced a plan for large-scale tariffs on April 2, his net worth was estimated at $4.7 billion. However, in less than a week, his assets plummeted to $4.2 billion, evaporating over $500 million in a week. Most of his personal wealth loss came from his company, Trump Media and Technology Group, whose stock price has fallen by about 5% since April 3. Trump holds 114.75 million shares, which alone evaporated about $170 million of his total assets. On-chain Data On-chain Fund Flow for the Week of April 9
Research Report | In-Depth Analysis of the Babylon Project & BABY Token Valuation
I. Project Overview Babylon Labs is an innovative protocol dedicated to enabling native Bitcoin staking. It leverages Taproot scripts to facilitate non-custodial, fully trustless BTC staking. This mechanism allows Bitcoin holders to contribute their BTC as security for Proof-of-Stake (PoS) blockchains without relinquishing ownership, introducing an unprecedented shared security model across multi-chain ecosystems. Babylon aims to elevate Bitcoin from "digital gold" to the foundational security layer of Web3. The Babylon chain functions as a coordination layer built on the Cosmos SDK, bridging the Bitcoin network with multiple PoS blockchains—collectively referred to as Bitcoin Secured Networks (BSNs). By introducing finality providers and a checkpoint mechanism, Babylon not only enhances the security of PoS chains but also significantly reduces the unbonding period. Additionally, Babylon plans to launch a "multi-staking" feature, enabling a single BTC deposit to secure multiple chains simultaneously, thereby unlocking substantial liquidity. Babylon’s native token, $BABY, is used for governance, transaction fees, and as incentives for BTC stakers, validators, and partner chains. As the first project to bring Bitcoin into the Security-as-a-Service (SaaS) model, Babylon is redefining security paradigms for DeFi and PoS networks and is poised to become a key infrastructure in the next phase of multi-chain interoperability. II. Project Highlights Trustless Native BTC Staking: Eliminating Custodial Risk Babylon is the first protocol to truly enable native BTC staking. Users can lock BTC in self-custodial addresses via Taproot scripts—no cross-chain bridges, wrapping, or centralized intermediaries required. This ensures users retain full control of their BTC, eliminating custodial risks from intermediaries or smart contracts. It aligns with Bitcoin’s core trustless philosophy and offers a secure, yield-generating path for large BTC holders. BTC as the Security Backbone for PoS Networks: Building a Decentralized Security Market Built on the Cosmos SDK, the Babylon chain acts as a security intermediary between BTC and various PoS blockchains (BSNs). PoS chains can "rent security" from BTC stakers via Babylon, mitigating consensus risks caused by high inflation or inefficient validators. This model pioneers the concept of "Security-as-a-Service," transforming BTC from merely "digital gold" into a universal security foundation for multi-chain ecosystems. Multi-Staking Mechanism: Unlocking BTC Liquidity and Yield Efficiency Babylon’s upcoming Multi-Staking feature will allow users to use a single BTC deposit to secure multiple PoS networks simultaneously, earning multiple rewards. This significantly improves capital efficiency and bridges Bitcoin with the broader DeFi ecosystem. For BTC holders, this represents a low-risk compounding strategy with the potential for higher returns than traditional single-chain staking models. Backed by Top-Tier Investors, Rapid Ecosystem Expansion Babylon Labs is backed by leading institutions including Paradigm, Polychain, and YZi Labs, making it one of the most capital-favored security infrastructure projects. Its total BTC staked continues to grow, and integrations with major platforms such as Bitget Wallet, OKX Wallet, and Binance Earn have been completed. These integrations lower technical barriers and accelerate ecosystem adoption. III. Market Valuation Outlook As a trustless BTC staking protocol emerging within the Bitcoin ecosystem, Babylon is positioned similarly to Ethereum-based staking infrastructures like Lido and SSV, focusing on unlocking BTC’s liquidity and security potential. Using valuation models from projects like Lido and Solayer as benchmarks, Babylon demonstrates strong growth potential and narrative appeal. With the rise of Bitcoin Layer 2s, restaking, and security intermediary markets, Babylon is poised to become a foundational asset in the BTC sector. IV. Tokenomics Total Supply of $BABY: 10 billion tokens Token Allocation: Community Incentives (15%): 1.5 billion tokens, fully unlocked, used for rewarding early users, airdrop participants, and stakers. Ecosystem Development (18%): 1.8 billion tokens, linearly vested over 3 years, supporting cross-chain integrations, developer grants, and protocol growth. R&D and Operations (18%): 1.8 billion tokens, linearly vested over 3 years, allocated to core protocol development, operations, and scaling. Early Private Investors (30.5%): 3.05 billion tokens, linearly vested over 4 years, incentivizing strategic investors and institutional supporters. Team (15%): 1.5 billion tokens, linearly vested over 4 years to ensure long-term alignment with the ecosystem. Advisors (3.5%): 350 million tokens, linearly vested over 4 years, used to incentivize advisors and strategic partners. Token Utility: Governance: $BABY holders can participate in Babylon’s governance, including parameter adjustments, security mechanism upgrades, and BSN onboarding. Fee Payments and Sharing: Transactions on Babylon will use $BABY for fee payments, with a portion of staking pair fees redistributed to $BABY holders. Ecosystem Incentives: Future community campaigns, airdrops, and validator staking rewards will be settled in $BABY, reinforcing its role as the core asset in Babylon’s security market. V. Team & Funding Team: Babylon Labs was co-founded by Stanford professor David Tse and cryptography expert Mingchao (Fisher) Yu. The core team comprises experts in Layer 1 protocol design, security research, and crypto economics. With deep experience in distributed systems, consensus mechanisms, and cross-chain architecture, the team aims to transform Bitcoin into the security layer for PoS networks and build a trustless, shared-security staking network. Key team members include: David Tse (Co-founder) Mingchao Yu (Co-founder & CTO) Shalini Wood (Chief Marketing Officer) Adam Ettinger (Chief Legal Officer) Spyros Kekos (Head of Community) The team brings expertise in Bitcoin-native protocols, Cosmos SDK architecture, decentralized governance, and strategic partnerships—positioning them to build next-generation security infrastructure. Fundraising: Babylon Labs has completed three major funding rounds totaling $97 million: May 30, 2024: Raised $70 million in the latest round at an $800 million valuation. Investors include Paradigm, Polychain, Binance Labs, Bullish, and others such as HashKey Capital, Amber Group, Galaxy Digital, P2P.org, InfStones, and StakeWith.Us. December 7, 2023: Raised $18 million in Series A funding from Polychain, Hack VC, Castle Island Ventures, Symbolic Capital, Finality Capital Partners, and others. January 2022: Raised $8 million in a seed round led by IDG Capital and Breyer Capital to support core staking mechanism development and testnet deployment. Babylon is now in the early stages of mainnet launch and has achieved technical integrations with multiple wallets, exchanges, and PoS networks—laying the groundwork for rapid expansion of the BTC shared security market. VI. Potential Risks Token Unlock Pressure: With a total supply of 10 billion $BABY tokens, approximately 49% is allocated to early investors, the team, and advisors. Although these allocations are subject to 4-year linear vesting schedules, token unlocks could exert selling pressure on the secondary market. Technical Risks in Cross-Chain Coordination: Babylon’s trustless staking mechanism relies on Taproot scripts and Cosmos SDK, involving data synchronization and validator coordination between BTC and PoS chains. Despite undergoing security audits, risks such as cross-chain data failures or synchronization delays remain in multi-chain environments. VII. Official Links Website: https://babylonlabs.io/ Twitter: https://x.com/babylonlabs_io Discord: https://discord.com/invite/babylonglobal
Babylon (BABY): Unlocking Bitcoin's Potential in the Proof-of-Stake Ecosystem
What is Babylon (BABY)? Babylon (BABY) is a decentralized protocol designed to enable native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. It does this through a unique architecture that uses Bitcoin scripts, custom-built modules, and a connection to a secondary blockchain called Babylon Genesis. It introduces a novel shared-security architecture that extends Bitcoin's robust security model to the broader decentralized ecosystem. By allowing BTC holders to participate in staking operations while maintaining their assets on the Bitcoin network, Babylon provides verifiable security guarantees to other networks that are parts of the Bitcoin Secured Networks (BSNs). With Babylon, users don’t have to give up control of their Bitcoin. They keep it in their own wallets, and the protocol ensures their BTC is being used in a secure and trustless manner. Who Created Babylon (BABY)? Founded in 2022, Babylon was established by Stanford Professor David Tse and Dr. Fisher Yu. ● Professor Tse is renowned for his contributions to engineering and has received prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal. ● Dr. Yu is a blockchain security expert and tech entrepreneur, known for his impactful work in blockchain scaling and data availability. Together, they lead a team of consensus protocol researchers and experienced layer 1 engineers from around the world What VCs Back Babylon (BABY)? Babylon has attracted significant attention from the venture capital community. In December 2023, the protocol raised $18 million in a Series A funding round co-led by Polychain Capital and Hack VC. Other participants included Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital. In May 2024, Babylon secured an additional $70 million in funding led by Paradigm, with participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, and others. These investments underscore the confidence that prominent venture capital firms have in Babylon's vision and potential. How Babylon (BABY) Works Babylon's protocol allows Bitcoin holders to stake their assets on PoS blockchains without the need for wrapping or bridging, thereby maintaining the integrity and security of their BTC holdings. The process involves several key components: 1. Staking Bitcoin: BTC holders initiate staking by sending a transaction that locks their Bitcoin in a self-custodial vault. This setup ensures that the assets remain under the staker's control without reliance on third parties. 2. Validation on PoS Chains: ● Once the staking transaction is confirmed, the staker, or a delegated validator, can begin validating transactions on the PoS chain. It’s worth noting that stakers can delegate their voting power to validators who participate in the consensus process of other PoS chains. This delegation involves only the voting power; the actual BTC remains securely locked in the staker's vault. ● To synchronize PoS chains with the Bitcoin network, Babylon utilizes Bitcoin's timestamping feature. This process involves embedding snapshots of the PoS chain's state onto the Bitcoin blockchain, creating an immutable record that enhances security. It also facilitates faster unbonding periods, allowing stakers to withdraw their BTC more quickly compared to traditional PoS systems. ● Honest participation earns benefits, while malicious behavior, such as double-signing, can lead to penalties. 3. Security Mechanisms: Babylon employs Extractable One-Time Signatures (EOTS) and a covenant committee to enable slashing mechanism, which means that a portion of the staked BTC will be forfeited. If malicious behavior is detected, the protocol can enforce penalties, ensuring the integrity of the network. 4. Unstaking: To unstake, they can either wait for a predetermined time-lock to expire or submit an unbonding transaction, after which their BTC is unlocked and returned. This design ensures that stakers have a clear and secure path to retrieve their assets. BABY Goes Live on Bitget Babylon represents a major leap forward for both Bitcoin and the broader blockchain world. By enabling native Bitcoin staking to be used for enhancing the security of PoS chains, Babylon unlocks powerful new possibilities. Bitcoin holders can now earn incentives without giving up control of their assets, while PoS networks gain the benefit of Bitcoin’s unmatched security and liquidity. This trustless, decentralized model strengthens the entire Web3 ecosystem. With a solid foundation led by respected academics and backed by strong technical architecture, Babylon is well-positioned to become a critical part of the next generation of blockchain infrastructure. As the Babylon network grows, its native token, BABY, plays a central role in governance, transactions, and securing the ecosystem. For those interested in supporting the protocol or participating in its growth, BABY is now available for trading on Bitget. Take this chance to be part of a protocol that's redefining what Bitcoin can do. BABY on Bitget Pre-Market BABY is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 3 April, 2025 To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading Get BABY on Bitget Pre-Market now! BABY on Bitget Spot We are thrilled to announce that Babylon (BABY) will be listed in the Innovation and DeFi Zone. Check out the details below: Deposit Available: Opened Trading Available: 10 April 2025, 10:00 (UTC) Withdrawal Available: 11 April 2025, 11:00 (UTC) Spot Trading Link: BABY/USDT Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
Babylon: The tokens obtained from airdrops will not have transfer lock-up restrictions
Golden Finance reports that Babylon responded to questions about airdrop issues for early adopters on social media, stating that the airdrops for early supporters include: first stage pledgers of Bitcoin, final providers who received delegation in the first stage, and contributors to specific open-source GitHub code repositories. All first-stage pledges (whether accepted, overflowed, unbound or withdrawn) will usually receive an airdrop allocation. The tokens obtained from the airdrop will not have transfer lock-up restrictions. In addition, Babylon also confirmed that the Labs points program ended on April 2nd.
Decentralized Finance: The Strategic Lever For Global Bitcoin Adoption
According to a recent report by Binance Research, Bitcoin could undergo a major transformation, shifting from a mere store of value to a true productive asset. This evolution is driven by the rapid expansion of decentralized finance based on Bitcoin (BTCFi), whose total value locked surged by over 2,700% in one year. BTCFi Revolutionizes the Bitcoin Ecosystem Binance Research recently published a report detailing the remarkable expansion of the BTCFi sector ( Decentralized Bitcoin Finance ). This new technological paradigm, which aims to integrate decentralized financial functionalities directly into the base layer of Bitcoin, saw its total value locked (TVL) exceed 8.6 billion dollars in 2025. Interest in BTCFi has significantly intensified following the April 2024 halving, which notably introduced the Runes protocol, the first standard for fungible tokens on the Bitcoin blockchain. This evolution paves the way for new applications previously impossible on the Bitcoin network. Several innovative projects have contributed to this acceleration. Babylon introduced Bitcoin staking for the first time, allowing holders to generate passive income from their holdings. At the same time, Hermetica launched the USDh, the first synthetic dollar backed by Bitcoin, offering early investors an attractive return of 25%. A Strategic Accumulation that Strengthens Demand The data from Glassnode reveals that long-term Bitcoin holders (wallets holding BTC for at least 155 days) have resumed an active accumulation phase after hitting their lowest level last February. This trend mechanically reduces the available supply on trading platforms. This accumulation dynamic is set against a backdrop of growing institutional adoption. On March 7, U.S. President Donald Trump signed a historic decree aimed at creating a strategic reserve of Bitcoin , notably using BTC seized in government criminal cases. BTCUSD chart by TradingView One day after this announcement, Trump also hosted the first White House summit dedicated to cryptocurrencies, an event that elicited mixed reactions within the crypto community. These government initiatives nonetheless mark a turning point in the official recognition of Bitcoin at the highest levels of the State. In summary, the emergence of BTCFi radically transforms Bitcoin from a passive store of value into an asset generating substantial returns. This evolution, combined with the strategic accumulation by States and institutions, strengthens the prospects for massive adoption.
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