Babylon

BABY Price

About Babylon (BABY)

Babylon is a Bitcoin staking protocol that enables Bitcoin holders to provide crypto-economic security to Proof of Stake blockchains without moving their assets off the Bitcoin network.

• Facilitates native Bitcoin staking to secure external networks and earn rewards for participants.
• Enables the creation of Trustless Bitcoin Vaults that allow native Bitcoin to be used as collateral in decentralized finance applications.
• Powers the Babylon Genesis network, a Bitcoin Supercharged Network (BSN) secured directly by Bitcoin's capital and hash power.

What Is Babylon

Babylon is a security-sharing protocol designed to transform Bitcoin from a passive store of value into a productive security asset. It allows Bitcoin holders to stake their BTC to secure Proof of Stake networks, effectively extending Bitcoin's security umbrella to the broader blockchain ecosystem.

Value moves through the protocol via a trustless staking mechanism where Bitcoin remains locked on its native blockchain while its economic weight is recognized by other chains. Users earn rewards for providing this security, creating a yield-bearing opportunity for long-term holders.

The BABY token is the native utility and governance asset of the Babylon ecosystem. It is used to secure the Babylon chain and participate in protocol governance. As the ecosystem grows, Babylon scales by allowing multiple chains to tap into Bitcoin's massive capital pool simultaneously through its "Bitcoin Supercharged Network" architecture.

What Makes Babylon Unique

• Trustless Architecture: Unlike traditional wrapping or bridging methods, Babylon allows BTC to stay on the Bitcoin network while its security is utilized elsewhere.
• Security Bridge: It bridges the gap between Bitcoin's Proof of Work security model and the scalability of Proof of Stake networks.
• Finality Providers: The protocol introduces a unique role for providers who help secure the protocol and validate transactions through specialized cryptographic signatures.

What Can You Use Babylon for?

• Native Staking: Bitcoin holders can stake their assets to secure other Proof of Stake chains and earn rewards.
• DeFi Collateralization: Through Trustless Bitcoin Vaults, users can utilize native Bitcoin as collateral in lending protocols without intermediaries or wrapped tokens.
• Governance Participation: Holders of the BABY token can vote on protocol upgrades and development initiatives.
• Network Security: Staking BABY tokens helps secure the Babylon Genesis chain, which serves as the coordination layer for the ecosystem.

How Does Babylon Work?

Babylon utilizes a modular architecture that includes a Bitcoin staking protocol, a timestamping protocol, and a data availability layer. This structure allows it to provide fast finality and strong security guarantees to consumer chains.

The staking protocol uses advanced cryptographic techniques, such as extractable one-time signatures (EOTS). This mechanism ensures that if a staker attempts to attack the network (such as by double-signing), their staked Bitcoin can be slashed directly on the Bitcoin network. Transaction fees on the Babylon network are paid in the native BABY token, which serves as the gas for the network's internal operations and coordination.

Team Info and Investors

Babylon was developed by Babylon Labs, a team of researchers and engineers specialized in security, cryptography, and distributed systems. The project has secured significant backing from prominent venture capital firms, including Paradigm, Binance Labs, Polychain Capital, Galaxy Digital, and OKX Ventures.

Where can you buy Babylon?

BABY tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Babylon is Binance, where the most active trading pair BABY/USDT has a trading volume of $999,323.62 in the last 24 hours. Other popular options include LBank and Gate.

What is the daily trading volume of Babylon (BABY)?

The trading volume of Babylon (BABY) is $11,161,873.02 in the last 24 hours, representing a 15.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Babylon (BABY)?

Babylon (BABY) reached an all-time high of $0.1661 and an all-time low of $0.01072. It’s now trading -92.00% below that peak and 23.50% above its lowest price.

What is the market cap of Babylon (BABY)?

Market capitalization of Babylon (BABY) is $49,193,656 and is ranked #451 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BABY tokens (3.7 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Babylon (BABY)?

The fully diluted valuation (FDV) of Babylon (BABY) is $143,298,921. This is a statistical representation of the maximum market cap, assuming total number of 11 Billion ETH tokens are in circulation today.

How does the price performance of Babylon compare against its peers?

With a price decline of -21.20% in the last 7 days, Babylon (BABY) is underperforming the global cryptocurrency market which is down -2.60%, while underperforming when compared to similar Galaxy Digital Portfolio cryptocurrencies which are down -6.80%.