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Babylon Genesis Launches Bitcoin Staking Service for Over 650 Billion Yen

2025/04/11CoinPost
Written by L.Kikutani
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Babylon Genesis Launches Bitcoin Staking Service for Over 650 Billion Yen
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Table of Contents

  1. Mainnet launch

Mainnet launch

Bitcoin (BTC) staking protocol Babylon announced on April 10 that it has officially launched its "Genesis" mainnet, the second phase of a three-phase gradual rollout. Launched in August last year, Babylon has now achieved a total stake of over 57,000 BTC, equivalent to more than $4 billion.

In a statement shared with The Block, Babylon co-founder Fisher Yu said, "Bitcoin has always been the benchmark for security, but until today, that security was limited to the Bitcoin network itself. Babylon...

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MAGAZINE
Iolite Vol.13

Iolite Vol.13

May 2025 issueReleased on 2025/03/28

Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.13

May 2025 issueReleased on 2025/03/28
Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.