$4B Bitcoin Babylon Protocol Launches Layer 1 'Genesis' to Promote BTC Staking

Babylon, With Over $4 Billion in BTC Locked, Launches Layer 1 'Genesis' to Advance Its BTC Mining Platform

Given that BTC has more value than all existing cryptocurrencies combined, Babylon aims to integrate it into the wider crypto ecosystem.

Author: Jamie Crowley | Edited by: Parikshit Mishra Updated: April 10, 2025, 3:02 PM Published: April 10, 2025, 12:18 PM

Basic information:

• Bitcoin project Babylon has launched its first-layer blockchain, “Genesis,” as a step toward the next stage of BTC staking protocol development.
• Genesis will become a BTC staking network, using staking and timestamping to improve Bitcoin security.
• Since its founding in August last year, Babylon has attracted over 57,000 BTC ($4.6 billion) to the platform.

Bitcoin (BTC) project Babylon has launched the first layer of the Genesis blockchain as part of the next phase of the staking protocol, which has already attracted over $4 billion in TVL.

Babylon offers BTC holders the opportunity to earn income from their assets, which are used to provide security and liquidity to proof-of-stake networks. Bitcoin makes up nearly two-thirds of the entire crypto ecosystem, and a significant portion of it remains dormant in users’ wallets. Babylon aims to integrate these funds into the broader crypto ecosystem.

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Genesis will serve as a network for staking BTC, using staking and timestamping to increase Bitcoin's security, and will also act as a governance platform to coordinate other networks that can stake Bitcoin, and as a hub for providing liquidity to decentralized applications.

Staking rewards will be distributed equally between BTC holders and holders of BABY, the native Genesis token.

Staking is the process by which cryptocurrency users provide their tokens to the network to support its operation in exchange for income, similar to earning interest on a bank deposit. Staking is a key element for most blockchains, but is largely missing from Bitcoin, a problem Babylon aims to solve.

The launch of Genesis is the second stage of Babylon’s roadmap, the first of which was the creation of the BTC kitty as the basis for the staking protocol. More than 57,000 BTC ($4.6 billion) have been staked on the Babylon platform since its launch last August.

The protocol is also supported by over 250 “finalization providers,” which confirm transactions to keep the network running. These include Galaxy, Figment, and P2P, according to an emailed statement Thursday.

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