Editor's PiCK
Babylon (BABY) surges 70% from the previous day... "Expanding Bitcoin Staking Demand"
Summary
- It was reported that the Babylon (BABY) token price surged 69.74% from the previous day, continuing its bullish trend.
- NFT Evening evaluated that Babylon's total value locked (TVL) accounts for 80% of the Bitcoin ecosystem, indicating high growth potential.
- It was stated that Babylon's Bitcoin staking demand is expanding due to its structure that attracts unused Bitcoin liquidity.
The Bitcoin (BTC) based staking protocol Babylon (BABY) token has surged nearly 70% from the previous day, continuing its bullish trend.
On the 12th, on Binance, the BABY price is trading at $0.1361, up 69.74% from the previous day. Previously, on the 10th, Binance listed the BABY perpetual futures product.
According to NFT Evening, a media specializing in virtual assets (cryptocurrency), "Babylon currently records a total value locked (TVL) of over $3.8 billion, which accounts for 80% of the Bitcoin ecosystem's TVL," and evaluated that "Babylon still has high growth potential due to its structure that attracts unused liquidity of Bitcoin."
Meanwhile, as Bitcoin rises after the Trump administration's re-inauguration, the growth potential of Bitcoin-based decentralized finance (DeFi) projects is also being highlighted. Babylon allows users to stake Bitcoin directly without a third party.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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