Despite a 13% quarter-over-quarter decline in Bitcoin's TVL, Babylon remains the fourth largest entity in Bitcoin holdings, second only to major ETFs. Here are other highlights from the second quarter: 1️⃣ Genesis mainnet launched and implemented a staking penalty mechanism 2️⃣ BABY token launched staking, governance, and DeFi integration 3️⃣ Bedrock network achieved net capital inflow (quarter-over-quarter growth of 21%) 4️⃣ New ecosystem integrations: @osmosiszone @SuiNetwork @krakenfx @usdx_hextrust For the full analysis report from @MessariCrypto, see below 👇
State of @babylonlabs_io Q2 Key Update: Babylon Genesis launched as the first Bitcoin Supercharged Network, activating stake slashing and paving the way for Bitcoin to secure multiple chains. QoQ Metrics 📊 • Bedrock TVL ⬆️ 21.2% • Bedrock net deposits ⬆️ 839 BTC • LBTC DeFi utilization rate ⬆️ 77% Read the full report 👇
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