$BABY

The price of the BABY token surged by more than 18% after Babylon, one of the leading Bitcoin staking protocols, officially launched its Layer-1 mainnet called Genesis on April 10.

Reported by The Defiant, this launch was also accompanied by the announcement of a strategic integration with Axelar, a cross-blockchain interoperability platform, which opens connectivity to over 70 different networks.

Babylon has garnered significant attention since the beginning of its journey in August 2024. To date, the protocol has managed over $4 billion in Bitcoin staking. With the launch of the Genesis mainnet, Babylon introduced a native token called BABY, which is now used as a gas token, staking tool, and governance token within its ecosystem. In the last 24 hours, BABY recorded a significant increase and was trading in the range of $0.105