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$BABY Is Babylon coin the next big project* What Is Babylon Chain? Babylon Chain is a pioneering protocol that enables native Bitcoin (BTC) staking to secure Proof-of-Stake (PoS) blockchains without the need for bridges or custodians. This innovation allows BTC holders to earn yields while enhancing the security of PoS networks. The project is built using the Cosmos SDK and acts as a middleware layer, facilitating Bitcoin timestamping and staking functionalities . Key Highlights of the Babylon coin * Significant BTC Deposits: As of early 2025, over 57,000 BTC (approximately $3.9 billion) have been staked through Babylon by more than 135,000 participants . Phased Development: * Phase 1: Introduced capped BTC staking rounds. * Phase 2: Launched Babylon Chain, the first Bitcoin Secured Network (BSN), enhancing PoS chain security. * Phase 3: Plans to implement multi-staking, allowing BTC holders to stake across multiple BSNs simultaneously . * Strong Institutional Backing: Babylon has raised approximately $96.8 million from prominent investors, including Paradigm, Polychain Capital, Hack VC, and Binance Labs . * Market Leadership: In 2024, Babylon accounted for 80% of the $6.5 billion Total Value Locked (TVL) in Bitcoin DeFi, highlighting its dominant position in the sector . $BABY