BabelFish

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

BabelFish's governance or utility token carries a market capitalisation of 96.081,2 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (96.081,2 $) is small relative to deposits secured by the protocol (966.145,2 $); a mcap/TVL multiple of 0.10× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Feb 16, 2022
   Auf DeFiLlama gelistet

BabelFish is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed on RSK.

BabelFish is a single-chain protocol, deployed exclusively on RSK — this concentrates execution risk but simplifies the trust model. Its token market cap (96.081,2 $) is small relative to TVL (966.145,2 $) — a mcap/TVL ratio of 0.10 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for BabelFish — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

BabelFish is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure 30,4 Mrd. $ in deposits, giving you a frame of reference for whether BabelFish's own TVL is at the top, middle, or tail of the category.

WBTC

TVL 8,7 Mrd. $ · 24h +0.07%

Coinbase Bridge

TVL 5,4 Mrd. $ · 24h +0.61%

Binance Bitcoin

TVL 5,1 Mrd. $ · 24h +0.14%

Hyperliquid Bridge

TVL 4,5 Mrd. $ · 24h +0.55%

USDT0

TVL 4,2 Mrd. $ · 24h +1.96%

JustCryptos

TVL 2,4 Mrd. $ · 24h +0.44%