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Babylon Staking Mainnet Hits 1000 BTC Cap in 74 Minutes | Flash News Detail | Blockchain.News
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8/27/2024 1:45:41 PM

Babylon Staking Mainnet Hits 1000 BTC Cap in 74 Minutes

Babylon Staking Mainnet Hits 1000 BTC Cap in 74 Minutes

According to @EmberCN, the Babylon staking mainnet reached its 1000 BTC staking cap within just 74 minutes (6 blocks) of going live on August 22. This rapid uptake has shifted market focus back to the Bitcoin ecosystem. Following the launch of the BTC spot ETF, Bitcoin's value has gained mainstream acceptance, prompting market participants to explore more native ways to utilize the $1.24 trillion asset while ensuring its security.

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余烬

@EmberCN

Analyst about On-chain Analysis