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.
Sui Teams Up with Babylon Labs to Enable Bitcoin Native Staking
Babylon and Sui deepen technical collaboration, taking Sui's integration with Bitcoin to new heights. Bitcoin staking protocol developer Babylon Labs and groundbreaking Layer1 blockchain Sui (designed for scalability, security, and mass adoption) today announced a joint effort where Sui will play a more significant role in Babylon's Bitcoin ecosystem. This upgrade builds upon their integration announced last year, and Sui will officially become the Bitcoin Enhancing Network (BEN) on the Babylon protocol. How Babylon's Bitcoin Staking Operates on the Sui Network Bitcoin holders can now stake their Bitcoin through the Babylon protocol while maintaining full custody of their assets, providing additional security to the Sui network and earning staking rewards simultaneously. This mechanism allows Sui to leverage Bitcoin staking to enhance network security and offers participants a convenient pathway into the Sui ecosystem. It also presents unprecedented opportunities for Bitcoin holders, enabling them to participate in DeFi with heightened security. Fisher Yu, Chief Technology Officer of Babylon Labs, stated: "Babylon and Sui are collaboratively building a deeper cross-chain utility to create more earning opportunities for Bitcoin holders seeking a safer entry into DeFi. As the infrastructure layer for Bitcoin, Babylon secures decentralized systems through a trustless, self-custody Bitcoin staking mechanism to unlock Bitcoin's full utility potential. Through the Babylon Bitcoin Staking Protocol, Sui gains access to the world's largest and most decentralized secure network, opening up new opportunities for Bitcoin holders." Evan Cheng, Co-Founder and CEO of Mysten Labs, the initial development team of Sui, expressed: "Our ongoing collaboration with Babylon Labs aims to bring Bitcoin's core advantages – scalability, security, and liquidity – into the high-performance DeFi ecosystem. Through this integration, Sui further solidifies its position as the premier Bitcoin DeFi platform, allowing Bitcoin holders to efficiently leverage their assets to create value." Through the integration with Babylon, Sui introduces a new economic paradigm supported by Bitcoin's scalability. The integrated infrastructure will expand Bitcoin's liquidity and security alongside the Sui network, unlocking new applications and decentralized services secured by Bitcoin. This integration represents a broader transformation in the blockchain industry—$1.5 trillion worth of assets (Bitcoin) has been expanded to secure and empower a fast, scalable, programmable blockchain ecosystem (such as Sui). For Bitcoin holders, the Babylon Protocol programmatically allows users to autonomously transform their held assets into a foundational source of yield, further extending Bitcoin's utility beyond store of value and medium of exchange functions, making it a more pervasive part of the digital economy. About Babylon Labs Babylon Labs focuses on a Bitcoin-backed security-sharing protocol, aiming to build a decentralized world secured by Bitcoin. The latest innovation from Babylon Labs, the world's first global trustless, self-custodial Bitcoin staking protocol, allows holders to directly stake Bitcoin in decentralized systems such as PoS chains, Layer2 networks, and the Data Availability (DA) layer, enabling staking rewards without relying on third-party custody, cross-chain bridges, or wrapping services. This innovation aims to combine Bitcoin's high security and widespread adoption with the efficient scalability of PoS systems, significantly expanding Bitcoin's utility value. About Sui Sui is a groundbreaking Layer1 blockchain and smart contract platform, with an architecture that has been thoroughly redesigned to enable a fast, private, secure, and inclusive experience of digital asset ownership. Based on the Move programming language's object-centric model, it supports parallel transaction processing, sub-second finality, and rich on-chain asset capabilities. Through its horizontally scalable computing and storage architecture, Sui offers unparalleled transaction speeds at low cost for various applications. This leap in blockchain technology provides an ideal platform for developers and creators to build the ultimate user experience. This article is contributed content and does not represent the views of BlockBeats
Babylon: Governance Proposal to Amend Second-Stage Staking Unbinding Fee Parameters Officially Launched
The Bitcoin staking protocol Babylon announced on X platform that the governance proposal to modify the Babylon Genesis chain parameters has officially launched. This proposal aims to adjust the unbinding fee for the second stage of staking from 100 sats/vbyte to 30 sats/vbyte. Voting is now open and will close at 7 AM UTC on Monday, April 21.
Babylon: Governance Proposal to Amend Second Phase Staking Unbinding Fee Parameters Officially Launched
The Bitcoin staking protocol Babylon announced on the X platform that a governance proposal to amend the Babylon Genesis chain parameters is now officially launched. This proposal aims to adjust the unbinding fee for the second phase of staking from 100 sats/vbyte to 30 sats/vbyte. Voting is now open and will close at 7 AM UTC on Monday, April 21st.
Babylon: The governance proposal to modify the second phase of the pledge unbinding fee parameters has been officially launched
the Bitcoin collateral protocol Babylon posted on X platform, stating that the governance proposal to modify the parameters of the Babylon Genesis chain has officially launched. The proposal aims to adjust the unbundling fee for the second stage of collateral from 100 sats/vbyte to 30 sats/vbyte. Voting is now open, with a deadline of 7:00 AM on Monday, April 21st, UTC time.
Babylon Sees $1.26B in BTC Unstaked, TVL Drops 32% Amid Lombard Transition
A massive unstaking event has rocked Babylon, a prominent Bitcoin staking protocol, leading to a staggering $1.26 billion worth of BTC being withdrawn and slashing its total value locked (TVL) by 32%. On April 17, blockchain analytics firm Lookonchain flagged four wallet addresses responsible for unstaking 14,929 BTC from Babylon. One address alone accounted for the lion’s share—13,129 BTC—valued at roughly $1.1 billion based on Bitcoin’s market price of around $84,400. The exit triggered a sharp decline in Babylon’s TVL, which dropped from $3.97 billion to $2.68 billion, according to DefiLlama data . While the identities behind the unstaking addresses remain unknown, speculation has spread rapidly within the crypto community. Some users on X suggested the funds could belong to the Chinese government, while others believed it might be part of a strategic portfolio rotation or risk-off move. Adding fuel to the discussion, decentralized finance platform Lombard Finance acknowledged it was behind the movement. In a public post retweeted by Babylon Labs, Lombard stated it had initiated the BTC withdrawal as part of its transition to a new group of finality providers. The move was deliberately timed to align with the end of Babylon’s Phase 1 Cap 1 on April 24, ensuring users wouldn’t forfeit staking rewards. Lombard further assured the community that the withdrawn BTC would be restaked once the unbonding phase was complete. This large-scale activity closely follows Babylon’s April 3 airdrop announcement , where 600 million BABY tokens were allocated to early adopters, including stakers, developers, and NFT holders. That announcement also triggered a smaller wave of withdrawals, with $21 million in BTC unstaked shortly after. Meanwhile, Bybit recently launched a new BTC staking campaign through its Web3 platform in partnership with Lombard Finance, offering users fresh incentives to explore decentralized finance (DeFi) rewards. The initiative runs from April 11 to May 9. If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter , LinkedIn , Facebook , Instagram , and CoinMarketCap Community. “Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
Babylon sees $1.2 billion Bitcoin unstaked as TVL drops 32%
Babylon (CRYPTO:BABY), a Bitcoin (CRYPTO:BTC) staking protocol, experienced a significant outflow as $1.26 billion worth of Bitcoin was unstaked, leading to a 32% decline in its total value locked (TVL). On April 17, blockchain analytics firm Lookonchain identified four wallet addresses responsible for the movement of 14,929 Bitcoin from the protocol. One of these addresses alone accounted for $1.1 billion of the unstaked assets, with Bitcoin trading near $84,400 at the time. Following the event, Babylon’s TVL decreased from $3.97 billion to $2.68 billion, according to data from DeFiLlama. The unstaking activity has sparked speculation in the crypto community regarding the identity of the wallet holders. Some users on social media suggested the Bitcoin could be linked to the Chinese government, while others proposed it might be a strategic rotation, a risk-off move, or simply a trader’s liquidation. No definitive information has been provided about the owners of the addresses. The timing of the unstaking coincided with an announcement from Lombard Finance, a decentralised finance protocol, which stated it was moving Bitcoin as part of a transition to a new set of finality providers. “All of this BTC will be staked back into Babylon as soon as the unbonding is complete,” Lombard clarified, as Babylon Labs retweeted his message to reassure users about the temporary nature of the withdrawal. Lombard also noted that the unstaking was coordinated with the end of Babylon’s phase 1 cap 1 on April 24 to ensure users did not miss out on rewards. This major movement comes shortly after Babylon’s airdrop for early adopters, which distributed 600 million BABY tokens to phase 1 stakers, NFT holders, and developers. Following the airdrop, $21 million in Bitcoin was also unstaked, which Bitlayer (CRYPTO:BTR) co-founder Kevin He described as a typical short-term market reaction. Babylon, which reached over $6 billion in TVL in December, has positioned itself as a key player in Bitcoin DeFi by enabling non-custodial staking and integrating with multiple blockchains. At the time of reporting, the Babylon (BABY) price was $0.0748, and the Bitcoin (BTC) price was $84,819.27.
Astar Network Reduces Staking Rewards to Combat Token Inflation
Astar Network has made changes to its tokenomics structure to reduce inflationary pressures within its ecosystem. The blockchain firm announced on April 18 that it had cut base staking rewards from 25% to 10%, a measure aimed at controlling token inflation. The company stated that this adjustment promotes a more stable annual percentage rate for users as staking approaches what they consider a more ideal ratio. According to Astar Network, this ensures rewards "remain meaningful" without causing excessive inflation. "This change lowers automatic token issuance, reducing overall inflationary pressure while maintaining strong incentives for users to stake their ASTR," the company explained in its announcement. Unlike Bitcoin with its fixed total supply, ASTR operates on a dynamic inflation model without a maximum token supply cap. As the blockchain functions, it generates more tokens, continuously increasing the available supply, which can create downward price pressure if demand doesn't keep pace. Beyond lowering staking rewards, Astar has begun routing token emissions into a parameter governing total value locked-based rewards like decentralized application staking. This change aims to make DApp staking APRs "more predictable" over time, providing stability to those who stake their tokens. The network also established a new minimum token emission threshold of 2.5%, ensuring emissions don't fall below what Astar considers a sustainable baseline. Continued transaction fee burning will also contribute to reward predictability, according to the company. These tokenomics adjustments come amid broader fluctuations in staking protocols. Just a day earlier, Bitcoin staking protocol Babylon saw $1.26 billion worth of Bitcoin unstaked, causing its TVL to drop by 32% from $3.97 billion to $2.68 billion, according to DefiLlama. These changes have already reduced Astar's annual inflation rate from 4.86% to 4.32%, according to the firm. The total ASTR tokens emitted per block decreased from 153.95 to 136.67, cutting estimated annual emissions by 11%, from 405 million to 360 million tokens. The inflation control measures come shortly after ASTR reached a new all-time low. Data from CoinGecko shows the token dropped to $0.02 on April 7, representing a 93.8% decline from its peak of $0.42 in January 2022. ASTR had previously rallied with the broader market in December 2024, reaching $0.09, but has since declined steadily before hitting its new record low in early April.
$1.26 Billion Bitcoin Unstaking Slashes Babylon’s TVL and BABY Token Value
Babylon, a platform enabling native Bitcoin (BTC) staking, recorded a notable unstaking event on April 17. Approximately $1.26 billion worth of BTC was withdrawn from the protocol. The move resulted in a significant decline in Babylon’s total value locked (TVL). Moreover, the price of its native token, BABY, also dipped. Babylon’s TVL Drops 32% After Massive BTC Unstaking Blockchain analytics firm Lookonchain alerted users about the unstaking on X (formerly Twitter). “About 5 hours ago, 14,929 BTC($1.26 billion) was unstaked from Babylon,” the post read. Addresses Unstaking Bitcoin from Babylon. Source: X/Lookonchain This move triggered a sharp drop in the platform’s TVL. According to data from DefiLama, Babylon’s TVL dropped from $3.9 billion to $2.6 billion in just a day, representing a decline of 32.7%. Moreover, only 31,502 BTC remain staked in the protocol at press time. That’s not all. The BABY token was also not immune to market pressures. According to BeInCrypto data, the token depreciated by 9.8% over the past day alone. At the time of writing, the altcoin was trading at $0.8. BABY Price Performance. Source: BeInCrypto The unstaking led to widespread speculation about the platform’s stability and the broader implications for Bitcoin-based decentralized finance (DeFi) protocols. “What’s going on. I don’t waste my time partaking in staking BTC, but this can be concerning. You don’t just see so much unstaking in such a short window,” a user said. Nonetheless, Lombard Finance quickly moved to calm investor concerns. The Bitcoin restaking protocol, built on Babylon, clarified that the withdrawal was part of a planned transition to a new set of finality providers. “To carry out the transition to our new set of Finality Providers, the Lombard Protocol has begun the process of unstaking BTC from the Lombard Finality Provider,” Lombard Finance stated. The post emphasized that this process was a necessary step in the evolution of the platform. In addition, the company reassured investors that the withdrawn funds are expected to be restaked once the unbonding process concludes. The unstaking event follows closely on the heels of Babylon’s airdrop earlier this month. 600 million BABY tokens—representing 6% of the token’s total supply—were distributed to early adopters, including Phase 1 stakers, Pioneer Pass NFT holders, and contributing developers. Shortly after the airdrop, $21 million worth of Bitcoin was unstaked within 24 hours. This suggests a pattern of capital withdrawal that has intensified with the latest event.
Coinbase International will launch WCT, BABY, KERNEL, and PROMPT perpetual contract transactions
Coinbase International will launch WCT, BABY, KERNEL, PROMPT perpetual contract trading.
Whales withdraw 14,929 BTC from Babylon Labs
After months of keeping over 50,000 Bitcoin (BTC) locked, Babylon Labs saw a sudden large outflow. Whales unlocked 14,929 BTC from the protocol just as Babylon launched its Genesis L1 chain. Babylon Labs lost 14,929 BTC previously locked for staking and point farming. The protocol held over 57K BTC just as it launched its Babylon Genesis L1 chain and airdropped the native BABY token. The tokens were unstaked and withdrawn to four anonymous addresses , of which the biggest one held $1.1B in BTC. Since the withdrawals, the BTC was not moved, remaining in new anonymous addresses. Potentially, the withdrawals could be sent back to the original depositors, either whales or retail. As a result, Babylon’s smart contract is now secured by just 31,701 BTC. The withdrawals lowered the TVL of the protocol down to $2.76B. Previously, Babylon Labs held nearly 50% of all locked and staked BTC for DeFi projects. Babylon Labs saw a major outflow of value, with coins sent to four anonymous whale wallets. | Source: DeFi Llama Babylon Labs did not see withdrawals since its latest lockup events in January. The protocol has not announced any specific events or incentives, in order to boost its locked BTC. Babylon Labs causes potential BTC selling pressure Until recently, Babylon Labs surpassed even Mara Holdings and some of the top corporate treasuries with its locked BTC. The protocol also offset the outflows of BTC from the WBTC smart contract, which also suffered from withdrawals. However, Babylon Labs also showed it could become the source of selling pressure. See also Only 11 stablecoin issuers survive MiCA’s first 100 days The value locked aims to secure a single chain, with more coming in the future. Babylon Labs still has incentives in place to encourage locking more BTC, by rewarding stakers with the native BABY token. The price of BABY has fallen to $0.08 since the token generation event, and the incentives are not aligning with BTC holders. BABY also fell after the end of a special trading period on the LBank exchange, and looks like facing more selling pressure from early airdrop recipients. Babylon Labs has designed BABY for additional staking and rewards, but at one point, delegates and validators will sell the token to lock in value. Additionally, BTC is facing price pressures while trading at $84,717.00. The potential selling of $1.26B in BTC can extend the downward trend. The non-custodial staking on Babylon is mostly linked to delegates , who also take and redistribute the rewards from holding BTC. After the withdrawal, Lombard and Solv Protocol remain the biggest depositors on behalf of users. Babylon Labs hosted deposits from 135,323 individual users who chose one of the top depositors. The withdrawals are not linked to any specific delegator, though Acorn Protocol recently lowered its share of deposited BTC. Babylon Labs has daily fluctuations of up to $8M with inflows and outflows, but the recent unstaking is the biggest outflow of value since the protocol launched. See also Crypto lending market declines 43% to $36.5B in Q4 2024: Galaxy report Currently, Lombard Finance is trying to boost staking while adding DeFi startups secured by BTC. However, the potential rewards from BABY tokens and the risk of holding BTC during turbulent times have made some depositors reconsider their position. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Bitcoin Staking Protocol Babylon Sees $1.26 Billion Unstaked
Bitcoin staking protocol Babylon experienced a significant withdrawal on April 17, with $1.26 billion worth of Bitcoin unstaked from its platform. According to blockchain analytics firm Lookonchain, several addresses removed a total of 14,929 Bitcoin from the staking platform. The security firm identified four addresses that had unstaked varying amounts: 299 BTC, 499 BTC, 1,000 BTC, and 13,129 BTC. One address was responsible for the majority of the unstaked assets, worth approximately $1.1 billion. The current Bitcoin price was around $84,400 at the time of the event. This substantial withdrawal caused Babylon's total value locked (TVL) to decrease by 32%. Data tracker DefiLlama reported that Babylon's TVL fell from $3.97 billion to $2.68 billion following the unstaking event. Community speculation about the source of the unstaking has varied. One user on X suggested the Bitcoin might belong to the Chinese government, while another proposed it could simply be a rotation, risk-off strategy, or a trader seeking liquidity. Though the ownership of the four addresses remains unclear, the fund movements may be connected to a transition initiated by decentralized finance protocol Lombard Finance. Babylon Labs retweeted an announcement from Lombard stating it was unstaking Bitcoin as part of a transition to a new set of finality providers. Lombard Finance explained they timed the unstaking with the end of Babylon's phase 1 cap 1 on April 24 to ensure users would not miss rewards. They also stated: "All of this BTC will be staked back into Babylon as soon as the unbonding is complete." The large unstaking event follows Babylon's recent airdrop for early adopters on April 3. The protocol allocated 600 million BABY tokens for early phase stakers, NFT holders, and developers. After this airdrop, $21 million in BTC was unstaked from the protocol, which experts described as common short-term market behavior. The crypto adoption landscape continues to evolve beyond DeFi platforms. Panama City recently joined municipalities accepting digital currencies for government services. Since April 16, residents can pay taxes, fees, and permits using bitcoin, ether, USDC, and USDT through a bank partnership that converts cryptocurrencies to U.S. dollars at payment time.
14,929 BTC Unstaked from Babylon Approximately 5 Hours Ago, Valued at $1.26 Billion
According to a report by Jinse and monitored by Lookonchain, approximately 5 hours ago, 14,929 bitcoins valued at about $1.26 billion were unstaked from Babylon.
Sui Integrates Babylon’s Bitcoin Staking Protocol and Becomes a BSN
Sui has announced that it integrates Babylon’s Bitcoin staking protocol and begins operating as a Bitcoin Secured Network (BSN). The integration is part of Phase 3 of Babylon’s expansion plan, scheduled to launch before the end of the year. The move marks a significant shift in how Proof-of-Stake networks can benefit from Bitcoin’s security and liquidity without compromising the custody of funds. The Babylon protocol allows users to participate in Bitcoin staking without handing over control to a third party or using bridges or wrapped assets. With this structure, Bitcoin users can directly contribute to the security of the Sui network and earn rewards without taking their funds off the main chain. This integration creates an operational link between both networks and opens the door to new decentralized applications and services that leverage Bitcoin’s security and Sui’s scalability. Sui, currently ranked seventh among Proof-of-Stake networks by CoinGecko, is adopting this model, following a clear trend: more projects are looking to expand Bitcoin’s utility beyond its role as a store of value. The goal is to channel BTC capital into programmable environments that generate yield and support other decentralized infrastructures. For Bitcoin users, this represents a way to activate a historically passive asset without giving up custody themselves. Image: freepik Designed by Freepik
Bitget Launches BABY On-chain Earn With 15～30% APR
Bitget Earn is thrilled to announce the launch of BABY On-chain Earn product, offering 15～30% APR. Subscribe now and boost your earnings! >>>Subscribe now<<< How to subscribe: Website: Navigation bar > Earn > On-chain Earn. To subscribe, simply search for the corresponding coin. App: Home > Earn > On-chain Earn. To subscribe, simply search for the corresponding coin. Terms and conditions: You can view and manage your subscriptions by navigating to Assets > Earn > On-chain Earn. Your subscription will start accruing interest at 12:00 AM (UTC+8) on the day after subscription (D+1). If the subscription is made after 12:00 AM (UTC+8), interest will begin accruing on the second day (D+2) Daily interest = interest accrual amount × daily APR ÷ 365 Redeem: Use the Express Redemption and Standard Redemption buttons to withdraw funds anytime after subscribing. If you have any questions, refer to Mastering Passive Profits with Bitget On-chain Earn: A Comprehensive Guide for more details. 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 >>>
Bitget Wallet Announces Official Support for the Babylon Genesis Mainnet
According to Odaily, Bitget Wallet has announced official support for the Babylon Genesis mainnet. Users can now add the Babylon network in their wallets, send and receive BABY, and participate in the native staking of BABY and BTC. Additionally, the Babylon DApp section is now online, helping users conveniently explore ecosystem projects. Furthermore, Bitget Wallet has partnered with Tomo Connect from the Babylon ecosystem. This partnership allows users to securely connect Bitget Wallet through the Babylon official website using Tomo Connect, enabling one-click BTC staking, thus lowering participation barriers and promoting the application of Bitcoin assets on the Babylon network.
Bybit, Lombard Launch BTC Staking with 5% APY and DeFi Rewards
Bybit has launched a new BTC staking campaign through its Web3 platform, offering users fresh incentives to explore decentralized finance (DeFi) rewards. The initiative, which runs from April 11 to May 9, is powered by a partnership with Lombard Finance—the team behind LBTC, the leading liquid staked BTC token. Through this campaign, eligible Bybit Web3 Seed Phrase Wallet users can stake their BTC directly from within the wallet and earn up to 5% annual percentage yield (APY). In addition to staking rewards, participants can unlock exclusive bonuses, including 6X Lombard LUX, 1X $BABY, and 6X Veda Points, incentivizing greater engagement across the Lombard, Babylon, and Veda ecosystems. LBTC is gaining traction in the DeFi sector, with over 21,000 tokens issued and more than 60% actively used for various activities across six blockchains. It allows BTC holders to retain value while accessing yield opportunities in DeFi protocols. Bybit has integrated the LBTC SDK into its Web3 infrastructure, eliminating technical barriers and enabling easy staking of BTC for real yields. When BTC is deposited into Lombard’s DeFi Vault, users receive LBTCv directly in their Ethereum wallet, and they can track performance and rewards through the Bybit Web3 pool page. “This marks a shift from passive BTC holding to active earning,” said Emily Bao, Head of Bybit Web3, highlighting the significance of bringing BTC into DeFi with minimal friction. Echoing this sentiment, Lombard Co-Founder Jacob Phillips noted, “BTC’s role is evolving. It’s no longer just a store of value—it’s becoming a powerful yield-generating asset.” In tandem with the staking campaign, Bybit has introduced a new automated risk management tool called Equity Trailing Stop, aimed at helping traders secure profits and limit losses. This feature works with various trading bots, such as Copy Trading Classic and Futures Grid. Traders can set a trailing stop percentage between 5% and 99%, allowing the system to monitor their highest balance and protect their capital based on market conditions. If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter , LinkedIn , Facebook , Instagram , and CoinMarketCap Community. “Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
Babylon chain may be the most undervalued Bitcoin DeFi bet: Nansen
Bitcoin’s DeFi ecosystem may finally be ready to take on the big players, as a new project leverages Bitcoin’s inherent security. Bitcoin’s DeFi ecosystem has gained a new player, Babylon, that could shape its future. In a recent report , Nansen called the project potentially one of the most undervalued plays on Bitcoin’s DeFi ecosystem. Critically, Babylon enables users to earn staking rewards in Bitcoin terms without relying on wrapped assets or cross-chain bridges. In doing so, the protocol leverages Bitcoin’s inherent security and decentralization, offering a safer and more native alternative for staking. The process, dubbed Bitcoin restaking, involves locking BTC into a script on the Bitcoin blockchain. The Babylon protocol then uses a Cosmos SDK transaction to verify whether the funds are on-chain. Once verified, the Babylon chain distributes rewards to BTC stakers in proportion to their holdings. Where Bitcoin restaking rewards come from Since Bitcoin itself does not offer staking rewards, these incentives come from the Babylon chain, primarily via BABY token inflation. Its annual inflation rate of 8% is split evenly between Bitcoin and BABY stakers. This means BABY token stakers are betting that the token’s growth will exceed the 8% inflation rate. For Bitcoin holders, however, the protocol creates a new revenue stream without giving up custody of their assets—protecting them from third-party risks such as hacking or rug pulls. Over the past year, Bitcoin’s DeFi ecosystem has seen substantial growth. Its ecosystem reached an all-time high of nearly $8 billion in December of last year. Even after a subsequent correction to $5.27 billion, it still experienced more than 500% growth year over year. Developers and entrepreneurs are increasingly betting on Bitcoin DeFi due to its strong name recognition and vast user base. At the same time, they see decentralized finance as a way to unlock new use cases for the Bitcoin network.
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.
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