
Iqbal Lahat ππ©
@jepemax
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90 Followers
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State of Babylon Q4 2024
Key Insights
Phase-1 attracted cumulative deposits totaling 57,290 BTC, or 0.29% of Bitcoinβs circulating supply. Compared to Bitcoin ETFs, Babylon's protocol had accumulated the third-highest amount of Bitcoin, behind Blackrock and Fidelity.
By the end of 2024, 41,032 BTC had been liquid staked, an increase of 181.7% QoQ. Lombard continued to be Babylonβs leading liquid staking protocol, ending Q4β24 with a TVL of 15,959 BTC, up 157.5% QoQ as LBTC became the 5th largest bitcoin derivative.
Bitcoin liquid staking protocols announced fundraises totaling over $24 million in Q4β24, with announcements from Solv, PumpBTC, Allo, and Lombard.
By the end of 2024, Babylonβs top three Finality Providers by delegation amount were liquid staking protocols, accounting for 68.5% of total delegations. 0 reply
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