Babylon Bitcoin Staking Attracts $1.5 Billion in Second Round

The protocol's new duration-based approach successfully increased participation without causing transaction fee spikes.

Babylon's second staking round saw 24,000 BTC, valued at $1.5 billion, staked in a 10-block window.
The new duration-based staking model allowed unlimited Bitcoin staking with a 500 BTC per transaction limit.
Transaction fees remained low, with a median cost of $2.37 per transaction, compared to $132 in the first round.
The protocol aims to provide proof-of-stake networks access to Bitcoin's deep reserves for enhanced security.
Babylon has raised significant funding, including a $70 million round in May, supporting its development and expansion.