Babylon's Bitcoin staking launch on Aug. 22 resulted in transaction fees ranging from $132 to $137. Over 12,700 stakers quickly filled the "locking-only phase" of Babylon's program. Babylon raised $70 million in May 2024 after completing an $18 million Series A in December 2023. On August 22, Babylon, a pioneer in the Bitcoin staking system, marked a significant milestone with the launch of [...]
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