Babylon Protocol
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About Babylon Protocol
Bitcoin holders can earn yields from their idle bitcoins in a secure way: no third-party trust, no bitcoin bridging to any other chain. Bitcoin holders simply lock their bitcoins in a self-custodial way to gain the rights to validate PoS chains and earn yields as a return. Powered by the fast unbonding and scalable restaking features of the protocol, bitcoin stakers can also enjoy maximal liquidity and yields.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Babylon Protocol's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
TVL is fetched from Babylon’s Staking API and represents the total Bitcoin locked in the Babylon staking protocol.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Babylon Protocol tokenomics and on-chain capital
Babylon Protocol's governance or utility token carries a market capitalisation of $41.3M based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($41.3M) is small relative to deposits secured by the protocol ($1.9B); a mcap/TVL multiple of 0.02× 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.
Babylon Protocol Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Oct 22, 2024Listed on DeFiLlama
Protocol Profile
Babylon Protocol is a Restaking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed on Bitcoin. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Babylon Protocol is a single-chain protocol, deployed exclusively on Bitcoin — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Its token market cap ($41.3M) is small relative to TVL ($1.9B) — a mcap/TVL ratio of 0.02 is often read as the token being structurally undervalued versus the activity it secures.
Official Resources & Links
Verified external resources for Babylon Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Restaking protocols on Mantapex
Babylon Protocol is one of 7 Restaking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include EigenCloud, Symbiotic, b14g, and 3 more. These peer protocols collectively secure $11B in deposits, giving you a frame of reference for whether Babylon Protocol's own TVL is at the top, middle, or tail of the category.
Recent Babylon Protocol news
Latest reporting from major crypto news outlets covering Babylon Protocol.
- Cointelegraph
Babylon users unstake $21M in Bitcoin following token airdrop
More than $21 million worth of Bitcoin was unstaked from the Babylon protocol in the 24 hours after the platform's token airdrop, according to blockchain data shared by a…
- The Cryptonomist
Babylon Genesis: the new era of Bitcoin staking takes shape
The world of cryptocurrencies is witnessing a significant turning point with the official launch of Babylon Genesis, the second phase of the three-part rollout of the staking…
- Decrypt
Bitcoin Staking Protocol Babylon Reveals BABY Token Airdrop
Babylon's BABY token will be airdropped to Bitcoin stakers and other groups with the launch of the Babylon Genesis network.
- Coingape
Bitcoin Staking Protocol Babylon Initiates Testnet Phase
Babylon, a Bitcoin staking protocol, has announced the launch of its testnet, marking a significant milestone in its development. Since its inception in 2022, Babylon has been at…
- The Block
Bitcoin staking protocol Babylon launches testnet, rewarding NFT passes
Babylon, a Bitcoin staking protocol under development since 2022, has launched its first testnet to the public.
- Bitcoin
Bitcoin Staking Protocol Babylon Aims to Reward Early Users With 10B BABY Token Airdrop
The Babylon Foundation has unveiled an airdrop for its BABY token, rewarding early backers of its Bitcoin-native staking protocol. Babylon Foundation Reveals 10B BABY Token…
- Coinspeaker
Bitcoin Staking Protocol Babylon at Risk of Slow Block Production, Here Is Why
Bitcoin staking protocol Babylon faces a code flaw that could trigger validator crashes and slow block production during key network checks.
- The Block
Bitcoin staking protocol Babylon rolls out Genesis mainnet in second stage of its phased launch
Bitcoin staking protocol Babylon has launched its “Genesis” mainnet, the second stage in a three-part “phased” rollout.
Related protocols
Other DeFi protocols connected to Babylon Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Restaking protocols
Top protocols on Bitcoin
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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