Babylon Bitcoin staking drives BTC fees higher as mainnet launches

Babylon’s Bitcoin staking launch on August 22 drove transaction fees to $132-$137. Over 12,700 stakers quickly filled the “locking-only phase” of Babylon’s program. Babylon raised $70M in May 2024, following an $18M Series A in December 2023. On August 22, Babylon, a pioneering Bitcoin staking system, marked a significant milestone with the launch of the […]

Self-custodial Bitcoin staking protocol Babylon announces mainnet

Babylon, the self-custodial Bitcoin staking protocol, will launch its mainnet on August 22, 2024. The launch brings a “third native use-case of Bitcoin” to users, adding staking to its store of value and payment, Fisher Yu, co-founder of Babylon, said. Babylon, a self-custodial Bitcoin staking protocol, has announced the launch of its phase-1 mainnet as […]