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Babylon Chain has surpassed $3.6 billion in Bitcoin deposits, with over 36,100 BTC contributed by nearly 88,000 unique depositors. The recent surge in deposits, including $1.2 billion in just 48 hours, follows support from major exchanges like Binance and Bitrue, enhancing Bitcoin's role in blockchain security. The protocol aims to integrate Bitcoin's security features into other blockchain ecosystems, fostering a more secure environment for decentralized applications.
Babylon Labs has partnered with SatLayer to enhance Bitcoin's staking and restaking capabilities, unlocking new liquidity and security for Bitcoin holders. This collaboration will allow over $2 billion in Bitcoin to secure various applications and infrastructures, aiming to bring Bitcoin's utility in decentralized finance to parity with Ethereum. The launch of SatLayer's devnet provides resources for developers to create innovative solutions leveraging this new infrastructure.
Babylon Labs has partnered with SatLayer to enhance Bitcoin's staking and restaking capabilities, unlocking new liquidity and security for Bitcoin holders. This collaboration will allow over $2 billion in Bitcoin to secure various applications and infrastructures, positioning Bitcoin to achieve feature parity with Ethereum in decentralized finance. SatLayer's devnet launch provides resources for developers to build innovative solutions leveraging this new infrastructure.
David Tsebe
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
babylon chain surpasses 3.6 billion in bitcoin deposits amid staking expansion
14:32 12.12.2024
Babylon Labs and SatLayer partner to enhance Bitcoin staking and liquidity
11:30 11.12.2024
babylon labs and satlayer forge alliance to enhance bitcoin staking capabilities
11:30 11.12.2024
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