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.
Bankless：Can Bitcoin Thrive Onchain?
For over a decade, Bitcoin has stood as a cornerstone of the crypto ecosystem—prized for its decentralization, censorship resistance, and provable scarcity. Yet despite its market cap dominance and renewed hype, Bitcoin remains largely disconnected from one of the most vibrant sectors in crypto: DeFi. According to Bitcoin Layers, only about $30 billion worth of BTC—just 1.875% of its total supply—is being used in DeFi. In contrast, Ethereum boasts around $50 billion in ETH locked in DeFi, representing roughly 23% of its supply. This disparity highlights a core tension in today’s Bitcoin narrative: while BTC holds immense value, relatively little of it is actively utilized on-chain to provide yield opportunities. That gap is fueling a wave of innovation around wrapping, staking, and other methods to bring Bitcoin into the DeFi economy and unlock ways to allow BTC to be a productive capital asset. Bitcoin Layers*: BTC supply by network, showing all BTC that’s been wrapped Ethereum’s DeFi ecosystem has exploded with tools for borrowing, lending, staking, and trading. In contrast, native Bitcoin remains difficult to use productively, particularly for new users. Transaction times are slow, fees are variable and often high, and Bitcoin’s architecture lacks the programmability that powers Ethereum-based applications. This raises an important question as the broader crypto landscape matures: Can Bitcoin participate meaningfully in the on-chain economy? And if so, how do we onboard everyday BTC holders without forcing them through a gauntlet of bridges, wrapped tokens, and unfamiliar apps? The Problem: Bitcoin's Design vs. DeFi Utility Bitcoin wasn’t built for programmability in how we see smart contract expressiveness today. It prioritizes security and decentralization through Proof-of-Work (PoW) over expressiveness, which has made it a robust store of value—but less adaptable for use in smart contracts or complex DeFi applications. As a result, native Bitcoin is largely excluded from the composable finance ecosystems flourishing on chains like Ethereum or Solana. Historically, there have been workarounds: Wrapped Bitcoin: Users convert BTC into ERC-20 tokens to access Ethereum-based DeFi. This introduces custodial risk, as token liquidity can be opaque and not always backed 1:1 by BTC, while being held by third-party custodians. Bridging Protocols: Cross-chain platforms allow BTC to be moved into other ecosystems. But manually bridging adds friction, complexity, and risk—especially for non-technical users. Custodial Platforms: Centralized services, like Coinbase, offer BTC yield but require users to give up custody, and often pay returns in points, stablecoins, or proprietary tokens rather than BTC. Each of these options comes with trade-offs that challenge Bitcoiners' core ethos: security, simplicity, and user sovereignty. The Onboarding Gap: Why UX Still Matters Accumulation of BTC in 2024, river.com For Bitcoin holders curious about doing more with their assets—earning yield, participating in on-chain governance, or experimenting with DeFi—the entry points remain fragmented, unintuitive, and often intimidating. While the infrastructure has matured, the user experience still lags behind, and the competition isn’t with just other blockchains, it’s with TradFi. This friction creates a major onboarding gap. Most users aren’t looking to become power DeFi users—they want simple, secure ways to grow their net worth and BTC holdings without navigating a maze of applications, bridges, and protocols, as is evident with the large majority of recent Bitcoin buyers being off-chain through brokerages, ETFs, and products like Michael Saylor’s Strategy. To bring the next wave of users on-chain, rather than being simple off-chain holders, tools need to abstract away this complexity without sacrificing control, self-custody, or transparency. That’s where emerging protocols and modern wallet experiences are starting to make a real difference—offering user-friendly access to DeFi primitives, all while keeping Bitcoin’s ethos intact. Better UX isn’t just a nice-to-have, it’s essential infrastructure for the next chapter of Bitcoin adoption. New Approaches to Onchain BTC Yield & Productivity A number of emerging solutions aim to make Bitcoin more usable in DeFi—each with a different balance of trade-offs: 1. Staking, Restaking, & Points-Based Yield Programs Platforms like Babylon and Lombard now offer Bitcoin-related yield programs through points or reward tokens, typically through staking/restaking, often redeemable for perks or future airdrops. These systems can be appealing to early adopters and crypto natives, who chase airdrops, and platform-specific tokenomics. These products typically consist of converting BTC to a wrapped BTC standard, then locking assets inside various programs/products to earn a variable yield. For the savvy onchain trader, there are high yields that can be earned, but require deeper understanding of how to use crypto, and manually bridge, wrap, and deposit funds. Pros: Broad spectrum of yield opportunities Typically self custodial Cons: Rewards are not paid in BTC Typically requires lock-up periods Uncertain long-term value of rewards 2. Bitcoin Layer 2s & Meta Protocols Developments like the Lightning Network , Rootstock (RSK), Alkanes , and emerging Layer 2s such as Botanix and Starknet are bringing new functionality, programmability, and speed to Bitcoin. These innovations enable use cases like fast payments, NFTs, and smart contract-like behavior. As a result, users can now access a wide range of DeFi opportunities with their BTC—such as securing networks by locking up funds, participating in market making, lending and borrowing, or converting assets to support wrapped BTC standards on various protocols. With a growing number of teams building these networks, the ecosystem of Bitcoin-based yield opportunities continues to expand. Pros: Expands Bitcoin’s use cases Maintains alignment with Bitcoin’s architecture Broad optionality on how you can earn yield onchain Cons: Still relatively early and fragmented Requires mid-level to advanced understanding to utilize Requires mass developer resources to build out utility that mostly already exists on other smart contract chains 3. Smart Wallet Integrations, & Native BTC Yield Wallets like Braavos (disclosure: I work here!) offer features that let users earn native BTC yield without the need to manually wrap their Bitcoin or give up custody. Users can invest BTC directly through their wallet, without dealing with the usual hurdles of bridging or using external apps. The complex steps—such as depositing, wrapping, and bridging—are handled seamlessly in the background, with the BTC deployed into a specific DeFi strategy. This user-friendly approach is designed to make BTC yield accessible to everyone, regardless of technical background or crypto experience. Pros: Yield is paid in BTC (not points or proxy tokens) No manual bridging or third-party custody Self-custodial by default Beginner friendly Cons: Relies on conversion to wrapped BTC Requires some trust in the bridging mechanism and yield protocol infrastructure The Bigger Picture: Bitcoin’s Evolving Role Onchain Bitcoin’s narrative has long centered around “store of value”—a role it has filled reliably. But as on-chain economies grow, the pressure is mounting for Bitcoin to integrate more fully into this emerging financial stack, and fulfill its promise of being a reliable payment infrastructure. To do that without sacrificing decentralization or user trust, new infrastructure must make these opportunities accessible without requiring technical expertise or the abandonment of core Bitcoin principles. This means: Yield should prioritize being paid in BTC, not derivative assets Custody must remain with the user Complexity must be abstracted, not transferred to the user Products like Braavos , Lombard , Babylon and the others mentioned in this article are examples of how these ideas can be implemented. Either by giving users access to yield through staking, or by embedding Bitcoin support directly into self-custodial options and automating the complexities behind it, they make DeFi more accessible to Bitcoiners—without asking them to leave the Bitcoin ecosystem entirely. Bridging the Gap, Carefully Bitcoin’s transition into the on-chain economy won’t happen overnight—and it shouldn’t. Caution, simplicity, and self-sovereignty are foundational to the Bitcoin ethos. But as more tools emerge that respect those values while offering new functionality, BTC’s role in the broader crypto economy is evolving. The challenge now is building systems that are open, secure, and above all—accessible. If the next billion users are going to onboard through Bitcoin, they’ll need experiences that meet them where they are, and are accessible to a wider spectrum of users.
Today's popular cryptocurrency searches: Neiro, Babylon and Wayfinder
According to CoinGecko data, sorted by the number of searches in the past 3 hours, the data shows that Neiro, Babylon and Wayfinder are currently the top 3 most popular cryptocurrencies. In the past 24 hours, Neiro (NEIRO) has increased by 3.4%, Babylon (BABY) has increased by 43.8%, and Wayfinder (PROMPT) has increased by 138.8%.
The Babylon Bitcoin pledge function has been launched
PANews reported on April 12th that Babylon announced via Twitter that the Bitcoin pledge function has been launched. For the first time, Bitcoin can be pledged to provide proof of stake (PoS) security for Babylon Genesis and receive pledge rewards as a return. To ensure safety, only 1000 Bitcoins from the first phase Cap-1 are currently allowed to register. After a buffer and testing period of 24 hours, the Bitcoin pledge was officially activated at 18:04:03 on April 11 (UTC+8), at block height 27600 in Babylon's genesis block. Previous news revealed that Layer 1 blockchain Babylon Genesis, which uses Bitcoin as collateral, has officially launched. It is reported that this is the second stage of Babylon's launch of the Bitcoin pledging protocol.
Bitcoin Staking Protocol SatLayer Goes Live on Babylon Genesis
Bitcoin staking protocol SatLayer has officially launched Phase I of its Mainnet on Babylon Genesis, the world’s first blockchain secured by Bitcoin. As one of the first restaking applications on Babylon Genesis, SatLayer brings Bitcoin’s liquidity and security to decentralized systems, enabling Bitcoin to be used as collateral across a variety of blockchain-based applications. Sponsored This launch follows the introduction of Babylon Genesis and its native BABY token, alongside Cube, a liquid staking solution that allows users to earn rewards by staking BABY. Cube Liquid Staking Solution Cube lets users stake BABY tokens, earn rewards, and interact with the growing Babylon Genesis ecosystem. By staking BABY, users receive cBABY, which can then be used to earn more rewards through SatLayer or other DeFi platforms like Tower, a Babylon Genesis DEX. Since Cube is directly integrated into Babylon Genesis, it provides a seamless experience without the need for bridging, allowing users to enhance security and earn rewards from multiple sources. “The introduction of cBABY with Cube creates a multiplier effect on BABY’s efficiency and yield generation,” said Luke Xie, co-founder of SatLayer. He added that SatLayer aims to connect the broader ecosystem in a way that enhances security and adoption without requiring a proportional increase in locked capital. $250 Million in BTC Deposits and Expansion Plans SatLayer launches with over $250 million in BTC deposited, providing a solid foundation for Bitcoin DeFi. The platform aims to help transform Bitcoin into a programmable asset with broader utility across the crypto ecosystem. Initially focused on Babylon Genesis, SatLayer plans to expand to other leading Layer 1 and Layer 2 ecosystems, unlocking new use cases such as under-collateralized loans, slashing insurance, and on-chain prime brokerage. Why This Matters SatLayer’s launch marks a significant step in expanding Bitcoin’s role in DeFi. By enabling Bitcoin to be used as collateral, it enhances liquidity and security across the crypto ecosystem, offering new opportunities for yield generation and broader adoption. Discover DailyCoin’s popular crypto stories: XRP Bulls Take A Swing At $3 Following Trump’s Tariff Break Donald Trump-Linked Ethereum Wallet Sells $8M At Big Discount
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).
Dead Cat Bounce or Real Bottom? BABY Flashes Buy Signals After Crash
BABY token crashes 98.60%, now hovering near $0.0015 with minimal support below Technical indicators show early bullish signs despite extreme bearish sentiment Resistance at $0.0050 and $0.0100 may cap any short-term recovery in BABY price BabySwap (BABY) has faced an extraordinary collapse, losing nearly all of its value within a short period. Once trading around $0.11, the token now sits near $0.001567 a 98.60% drop. This sharp decline has shaken investor confidence and raised questions about the project’s future. While the plunge suggests panic selling or a fundamental breakdown, technical indicators are starting to flash early signs of a potential rebound. This mix of destruction and faint recovery signsis is worth a closer look. BABY’s Crash: What Caused the Near-Total Wipeout? The extreme downward move lacked any consolidation, which typically signals forced selling or an external shock. Situations like this often result from team exits, token contract issues, or an abrupt exchange delisting. Related: Bitcoin, Altcoins Fall as US Tariff Hike on China Spooks Global Markets Low 24-hour trading volume ($32.9K) also shows trader lack of interest and worry. With a market cap reduced to roughly $973.51K, BABY trades at microcap size, adding to price swing risk and making its path hard to guess. Where is BABY’s Price Floor? Key Support Resistance Levels Now BABY currently holds just above its closest support around $0.0015. If this breaks, it could fall to $0.0010, a key psychological level. Beyond that, $0.0005 becomes the next logical floor. These levels lack strong historical backing, making downside moves potentially severe. Source: CoinMarketCap Related: Four Altcoins, Four Stories: XRP, TAO, ETH, HBAR Set for Critical April? On the flip side, resistance levels are significantly spaced out. The first meaningful hurdle lies at $0.0050, which may act as a recovery checkpoint. The $0.0100 level serves as a halfway mark from the crash and could trigger heavy selling pressure. The original high of $0.111 remains out of realistic reach unless a major project overhaul occurs. Key Technical Indicators: Signs of Stabilization? BABY/USD daily price chart, Source: TradingView Contradiction: Why Tech Indicators Flash Potential Bounce for BABY Despite the crash, technical signals suggest short-term bullish momentum. The Relative Strength Index (RSI) has climbed to 52.63 from a recent low of 39.37, indicating recovering demand. Additionally, the MACD indicator has shown a bullish crossover. The histogram is turning green, and momentum is tilting upward. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Grayscale updates crypto assets under consideration, most bullish on Maple, Geodnet, and Story
Asset management giant Grayscale has updated its lists of crypto assets under consideration and included in its products, naming Maple, Geodnet, and Story as the projects it’s most bullish on this quarter. On April 10, Grayscale Investments updated its lists of crypto assets under consideration and included in its products. Among the new additions in the DeFi sector are Mantra ( OM ), Maple (SYRUP), and Pendle ( PENDLE ), and Lombard (LMBR). In the AI and Data Oracles sector, Grayscale has added Sentient (SENT), Prime Intellect (PRIME), and Space and Time (STT). For Smart Contract Platforms, the new assets include Babylon (BABY), Berachain ( BERA ), Celestia ( TIA ), and Hedera Hashgraph ( HBAR ). For Decentralized Identity and Web3, Toncoin ( TON ), Arbitrum ( ARB ), TRON ( TRX ), and VeChain ( VET ) are now under consideration. As for the NFTs and Metaverse sectors, Grayscale has added Immutable ( IMX ), Story ( IP ), and Aixbt ( AIXBT ). Lastly, in Utilities & Services, Grayscale has included DeepBook ( DEEP ), Eigen Layer ( EIGEN ), and Geodnet (GEOD). It’s important to note that just because an asset is under consideration, it will become part of Grayscale’s investment products. Whether these assets make it into a product depends on the ongoing evaluations and assessments by Grayscale’s research team. Grayscale aims to update its asset lists as frequently as 15 days after each quarter ends, with the next update scheduled for mid-July 2025. The projects that go into Grayscale’s Assets Under Consideration list are identified through Grayscale’s quarterly research efforts, where the team reviews a wide range of digital assets to inform adjustments to the FTSE/Grayscale Crypto Sectors indexes. From this research, the team compiles a Top 20 list —a snapshot of projects showing strong potential for growth in the upcoming quarter based on factors such as network growth, potential future developments, the sustainability of underlying fundamentals, token valuation, inflation of token supply, and possible risks. Over the last quarter, Grayscale Research has observed promising developments at the application layer rather than just the infrastructure layer. This quarter, they’re focusing on tokens that demonstrate practical, non-speculative uses of blockchain technology across three key narratives: tokenization of real-world assets, decentralized physical infrastructure, and intellectual property. In particular, Grayscale has highlighted Maple, Geodnet, and Story Protocol as projects it’s most bullish on this quarter. Source: Grayscale Research Insights: Crypto Sectors in Q2 2025
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 karla@marketwaves.co (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 >>>
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 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.
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.
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