Babylon raised $96 million in three years, gathering top investment institutions such as Binance Lab, Polychain, OKX Ventures, and ABCDE Capital.
Every time the staking quota is opened, it is aggressively bid up by large BTC holders, which has initially verified the market's recognition of Babylon.
Now, Babylon has opened the third phase of staking, lasting for 1000 block times, approximately one week, with a minimum stake of 0.005 BTC, roughly $500.
This time, it is obvious that ordinary users have been given a chance to participate, unlike previous rounds where only institutions and large holders rushed in first. Therefore, we ordinary users cannot miss this opportunity. Babylon must be the biggest player in the BTC ecosystem in 2025.
Why do we say that Babylon must be the big player?
Babylon can be compared to Eigenlayer, but Babylon's ceiling might even surpass Eigenlayer.
Like Eigenlayer, Babylon provides shared security, but Babylon combines Bitcoin's native technology to allow Bitcoin holders to lock up their Bitcoin in a self-custodial manner, without a third-party bridge.
Eigenlayer shares Ethereum's security, while Babylon shares Bitcoin's security. Ethereum's market cap is currently about one-third of Bitcoin's market cap, so the released security might also be lower than Bitcoin's, thus the market space is very large.
The emergence of Babylon is timely as it is addressing another important question: how to turn Bitcoin into an interest-bearing asset?
In traditional financial markets, interest-bearing assets account for over 90% of total assets, which shows the importance of interest-bearing assets to the financial market.
Just like Ethereum, after Ethereum transitioned from PoW to PoS mechanism, due to staking scenarios, Ether can earn staking rewards, turning Ether into an interest-bearing asset, which has spawned a series of financial plays in the Ethereum ecosystem, introducing innovations like liquid staking, restaking, and liquidity restaking, attracting more liquidity into this ecosystem and creating a strong wealth effect.
The Bitcoin ecosystem also needs such interest-bearing assets as underlying assets to create more new gameplay and accelerate the revitalization of the ecosystem. The Bitcoin ecosystem is like an ancient continent that has been forgotten, with untapped virgin land and more potential waiting to be discovered.
At this moment, this ancient continent needs a Babel Tower to unite the Bitcoin ecosystem and connect with other ecosystems, shining the miracles and brilliance of the crypto world.
