Babylon Genesis Chain Launches: 54.8k BTC Staked, Strategic Integrations, and $5.3B Locked

Babylon Genesis Chain Launches with Significant $BTC Staking and Strategic Integrations

The Babylon Genesis Chain has gone live, marking a significant milestone with 54.8k $BTC staked during its Phase 2 launch. This amount of staked $BTC would position it as the 4th largest Bitcoin ETF by total value locked (TVL) if it were counted as such. The project has successfully raised $70 million from prominent investors, including Paradigm and Polychain.

Strategic Network Integrations and Security Features

Babylon has established strategic network integrations with major platforms such as Binance, OKX, Anchorage, and Sui. These integrations are designed to enhance the network's functionality and security, offering zero wrapping or bridge risk for yield, which is a significant advantage for users seeking secure investment opportunities.

Airdrop Registration and Wallet Requirements

The airdrop registration for Babylon is open until March 15 at 8 AM UTC. Participants are required to have a Cosmos wallet via Keplr or Leap, along with a Polygon wallet link, to be eligible for the airdrop. This requirement ensures that users are well-integrated into the ecosystem, facilitating seamless participation in the network's activities.

Impressive Total Value Locked

Currently, the Babylon network boasts an impressive $5.3 billion already locked, underscoring the project's robust growth and the confidence of its investors. This substantial TVL highlights the network's potential to become a major player in the cryptocurrency space.