Babylon Chain, a middleware blockchain that secures Cosmos-based chains with Bitcoin, has surpassed $3 billion in deposits. With over 36,100 BTC deposited, worth over $3.63 billion, the assets were delivered by nearly 88,000 unique depositors. In the past week, Bitcoin deposits increased by almost 51.4%.
The project links users who want to lock up their Bitcoin for rewards with proof-of-stake networks seeking valuable assets to secure their networks.
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<p>The post Babylon Chain Hits $3 Billion in Bitcoin Deposits as Cosmos Integration Boosts Crypto Security first appeared on CoinBuzzFeed.</p>
