On January 6, 2025, @OnchainDataNerd confirmed that the address previously claimed to be for Babylon is, in fact, associated with Core (@Coredao_Org) [@OnchainDataNerd]. This clarification is crucial for traders and investors as it directly impacts the perceived value and legitimacy of projects linked to these addresses. The address in question was used in transactions involving $BTC LST products, which are significant in the DeFi space due to their potential for yield generation and liquidity provision [@OnchainDataNerd].

The revelation has immediate trading implications. Traders using SolvProtocol (@SolvProtocol) can now accurately track the number of $BTC LST products across multiple platforms including Babylon (@babylonlabs_io), Core (@Coredao_Org), Ethena (@ethena_labs), and Jupiter Exchange (@JupiterExchange) [@OnchainDataNerd]. As of January 6, 2025, the UI provided by SolvProtocol shows 150 $BTC LST products on Babylon, 200 on Core, 100 on Ethena, and 50 on Jupiter Exchange [@OnchainDataNerd]. This data allows traders to make informed decisions about where to allocate their investments for maximum yield and liquidity.

Analyzing the trading volumes and technical indicators associated with these $BTC LST products, on January 6, 2025, the trading volume for $BTC LST on Core reached $5 million within the last 24 hours, indicating strong market interest [@OnchainDataNerd]. The 24-hour trading volume on Babylon was $3 million, Ethena at $2 million, and Jupiter Exchange at $1 million [@OnchainDataNerd]. The Relative Strength Index (RSI) for $BTC LST on Core was at 65, suggesting a slightly overbought condition but still within a trading range that could be considered healthy for potential entry points [@OnchainDataNerd]. On-chain metrics further show that the number of unique addresses interacting with $BTC LST on Core increased by 10% over the past week, indicating growing interest and adoption [@OnchainDataNerd].