Share this article
Babylon, Which Has Over $4B BTC Locked, Launches Layer 1 'Genesis' to Advance Its BTC Yield Platform
With more value tied up in BTC than every other cryptocurrency in existence combined, Babylon is aiming to channel this into the wider crypto ecosystem
Updated Apr 10, 2025, 3:02 p.m. Published Apr 10, 2025, 12:18 p.m.
What to know:
- Bitcoin project Babylon has launched its layer-1 blockchain "Genesis" as it moves to the next stage of building its BTC staking protocol.
- Genesis will serve as a BTC staking network, using staking and timestamping to harness Bitcoin's security.
- More than 57,000 BTC ($4.6 billion) have been staked on Babylon since its inception in August last year.
Bitcoin project Babylon has launched its layer-1 blockchain "Genesis" as it moves to the next stage of building its staking protocol which has already drawn over $4 billion in total-value locked (TVL).
Babylon allows BTC holders to earn yield on their assets, which are used to provide security and liquidity for proof-of-stake networks. Bitcoin is almost 2/3rd of the total crypto ecosystem with much of it sitting idly in users' wallets. Babylon is aiming to channel this into the wider crypto ecosystem.
STORY CONTINUES BELOW
Genesis will serve as a BTC staking network, using staking and timestamping to harness Bitcoin's security as well as acting as a control plane to coordinate other networks that may stake bitcoin and a hub to provide liquidity to decentralized applications.
Rewards for staking will be split 50-50 between stakers of BTC and stakers of BABY, Genesis' native token.
Staking is the process of crypto users offering their tokens to a network in order to finance its ongoing operation in return for yield, similar to acquiring interest from a savings account with a bank. Staking is fundamental to most blockchains, but has been largely absent from Bitcoin, which Babylon is attempting to address.
The launch of Genesis represents the second stage of Babylon's roadmap, of which the first was building a BTC kitty as the foundation for its staking protocol. More than 57,000 BTC ($4.6 billion) have been staked on Babylon since its inception in August last year.
The protocol is also supported by over 250 "finality providers", who approve transactions to maintain the network's operation. These include Galaxy, Figment and P2P, according to an emailed announcement on Thursday.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
NFT Project Pudgy Penguins Takes Over Las Vegas Sphere in Holiday Campaign
The NFT brand’s animated segments will air on the Sphere across Christmas week, signaling the crypto company's move into real-world consumer markets.
What to know:
- Pudgy Penguins will run an ad campaign at the Las Vegas Sphere during Christmas week, one of the few crypto brands to secure a spot at the high-profile venue.
- The NFT project, which launched on Ethereum in 2021, has expanded into physical toys and digital gaming as part of a broader consumer push.
- Pudgy Penguins briefly overtook Bored Apes in floor price earlier this year and recently launched its PENGU token on Solana, now trading on major exchanges.
Top Stories
