According to Odaily, data from Babylon's official website and Farside Investors reveals that Babylon's total Bitcoin staking volume has reached 50,986.3 BTC, equivalent to approximately $5.38 billion. This figure surpasses the historical total net inflow of $2.679 billion for the ARKB Bitcoin spot ETF, which is managed by Ark Invest and 21Shares.
The total value locked (TVL) in Babylon's Bitcoin staking has now exceeded the historical net inflows of the ARKB ETF. This development highlights the growing interest and investment in Bitcoin staking platforms compared to traditional financial products like ETFs. As the cryptocurrency market continues to evolve, platforms like Babylon are gaining traction among investors seeking alternative investment opportunities.
Additionally, the Babylon Cap-3 staking period is nearing its conclusion, with only 143 blocks remaining. It is expected to end within the next 24 hours, marking a significant milestone for the platform. This event underscores the dynamic nature of the cryptocurrency market and the increasing competition among various investment vehicles.
