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Bitcoin Protocol Babylon Pulls in $1.5B of Staking Deposits as Cap Lifted

Altszn.com by Altszn.com
October 9, 2024
in Blockchain, Crypto, DeFi, Web3
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Bitcoin Protocol Babylon Pulls in $1.5B of Staking Deposits as Cap Lifted
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The incoming deposits should be enough to instantly vault Babylon to the top of the industry leaderboard for Bitcoin DeFi projects, with the Lightning Network a distant second at $321 million of collateral, based on DeFi Llama data. That’s still well below the overall DeFi projects, such as the Ethereum-based liquid staking platform Lido, with $23.7 billion of collateral, or EigenLayer, a retaking project on Ethereum, at $10.9 billion.



Read More: www.coindesk.com

Tags: 1.5BBabylonBitcoinCapDeFiDepositsliftedProtocolPullsStaking
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