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 96,1 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (96,1 mil US$) is small relative to deposits secured by the protocol (966,1 mil US$); 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.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Feb 16, 2022
   Listado en DeFiLlama

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 (96,1 mil US$) is small relative to TVL (966,1 mil US$) — 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 mil M US$ 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 8662,9 M US$ · 24h +0.07%

Coinbase Bridge

TVL 5443,4 M US$ · 24h +0.61%

Binance Bitcoin

TVL 5060,9 M US$ · 24h +0.14%

Hyperliquid Bridge

TVL 4541,3 M US$ · 24h +0.55%

USDT0

TVL 4242 M US$ · 24h +1.96%

JustCryptos

TVL 2442,9 M US$ · 24h +0.44%