Babylon Chain: Bitcoin Staking Platform Flooded With BTC Holders

Bitcoin staking platform Babylon Chain. (Photo; Doc. TapchiBitcoin)

JAKARTA - Staking has an important meaning in the crypto world because it allows asset owners to lock their assets while still contributing to blockchain network security. This is what Bitcoin staking platform Babylon Chain does.

With the latest technology, Babylon Chain leverages Bitcoin security to strengthen the Proof-of-Stake (PoS)-based blockchain ecosystem, making Bitcoin not only an investment asset, but also a tool that supports the security of decentralized technology.

Babylon Chain recorded extraordinary achievements with total deposits exceeding Bitcoin as much as 36,100 BTC or around Rp58 trillion. Data from Dune Analytics reveals that this significant spike came from nearly 88,000 unique deposits, with an increase in Bitcoin deposits of 51.4% in the past week.

On December 10 and 11, Babylon Chain received deposits of IDR 13.34 trillion and IDR 5.6 trillion, each, generating a total of IDR 19.2 trillion in just 48 hours. The number of unique deposits also increased sharply, from around 48,000 to 62,230 users, adding more than 14,000 new users in just one day.

This rapid increase was driven by Binance, the world's largest crypto exchange, which began supporting yield earnings programs through Babylon Chain on December 9. Other platforms like Bitrue also added similar support on the same day.

According to Andri Fauzan Adziima, the leader of the Bitrue research team, integration with Babylon Chain Turns Bitcoin from just a store of value to a tool that actively supports blockchain security.

He also added that this Bitcoin-based security model is able to increase trust, platform activity, and attract institutional investors. "When users feel safe, they tend to be more active, and this activity brings in more liquidity," he said.

Babylon Chain allows Bitcoin holders to lock their assets independently and participate in securing the Proof-of-Stake (PoS) network without the need to involve third parties.

The advanced cryptography technology used, such as extra one-time signature (EOTS), makes this system more secure. This protocol integrates Bitcoin security features, including Proof-of-Work times and asset liquidity, into other blockchain ecosystems to create stronger foundations and minimal risk.

This project also offers opportunities for Bitcoin holders to get returns while strengthening the security of the blockchain ecosystem. That way, Babylon Chain carries a new innovation that bridges Bitcoin security with PoS network flexibility. The platform has succeeded in creating new opportunities in the Bitcoin ecosystem.

This achievement marks a major step in efforts to integrate Bitcoin technology into various blockchain networks, making this crypto asset not only an investment tool, but also a vital component in securing decentralized technology.