I’m very bullish on Babylon Chain

I think they are the biggest competitor to @eigenlayer 

they’re building a trustless self-custodial btc staking protocol where
- no need to transfer your btc
- no need to bridge or wrap ur btc 
- no need to rely on alt token for redemption

If they manage to pull off their vision, they will  become the premium economy security marketplace. 
Imagine using btc to booststrap your PoS ecosystem.

This will ultimately unlock altVM growth 

altVMs reliance on eigenlayer to boost strap their ecosystem is self limiting esp if they plan to compete with EVM.