Babylon soars past $1B TVL
Babylon completes "Cap-2" bringing staking to 22,891 BTC
Hi Bitcoin Builders,
Babylon is back in the news after they completed their Cap-2, raising the TVL on Babylon to over $1.5B.
Let’s dive deeper into the numbers from Cap-2:
Total BTC staked: 22,891
BTC Delegations: 12.96K
Stakers: 12.57K
Total fees: 1.56 BTC
This brings the total BTC staked on Babylon to 23,891 BTC.
Projects like Lombard, Solv, and Bedrock have now delegated thousands of Bitcoin. Thanks to Bitcoin Ecosystem (@BitcoinEcoTK) for the analysis.
Why it matters: there is clear demand for Bitcoin staking. Other Bitcoin Builders are seeing the opportunity.
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