Babylon Chain, an intermediary blockchain integrating the security of $BTC into networks based on Cosmos, has just reached an important milestone with a total Bitcoin deposit exceeding 3.6 billion USD (equivalent to over 36,100 BTC). Notably, in the last 48 hours, the platform recorded a deposit flow worth 1.2 billion USD, according to data from Dune.
Explosive growth in a short time
• On December 10: Approximately 834 million USD was deposited, with the number of users increasing to 62,230 (an additional 14,250 users in 24 hours).
• On December 11: 350 million USD in Bitcoin continued to be added to Babylon Chain.
• In total: In one week, the amount of Bitcoin deposited increased by 51.4%, demonstrating strong interest from the user community.
The technology and value that Babylon Chain brings
Babylon Chain utilizes the security features of Bitcoin such as:
1. Proof-of-Work time stamping.
2. High asset liquidity.
3. Uncensored.
This platform helps proof-of-stake networks and decentralized applications (dApps) inherit the security of Bitcoin, creating a safe and decentralized environment for blockchains.
Strategic partnership with Binance and Bitrue
• On December 9: The cryptocurrency exchange Binance launched a profit generation feature through Babylon Chain, attracting significant attention.
• Bitrue, a competitor, quickly integrated #Babylon into its system.
• According to Andri Fauzan Adziima, head of research team at Bitrue: Babylon helps Bitcoin not only to be a 'store of value' but also to become a tool for securing blockchain.
The future of Babylon Chain
With the potential to make Bitcoin the main security platform for blockchain, Babylon Chain is paving the way for ecosystems #proofofstake to maximize the liquidity and security of Bitcoin. Support from major platforms like Binance and Bitrue is also helping Babylon attract institutional investors, bringing a new wave of liquidity to the blockchain ecosystem.
This new milestone is not only an achievement for Babylon Chain but also marks an important step in applying Bitcoin to real-world applications in the blockchain industry.