Babylon Labs successfully secured the launch of its Babylon Chain with over 50,000 BTC locked in non-custodial staking, marking a significant step in their DeFi expansion.
The BABY token’s valuation has dropped by over 22% amid selling pressure, reflecting market challenges despite the successful project launch.
As Babylon Labs progresses into Stage 3, it plans to establish more BTC-backed networks, bolstering the DeFi ecosystem.
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