Babylon

Babylon is a decentralized finance application built on its own chain, Babylon Genesis, that focuses on liquid staking and liquid staking derivatives (LSDFi). It aims to let holders of digital assets stake those assets to earn rewards while retaining liquidity, addressing the traditional trade-off between locking assets up for network security and keeping them accessible. The protocol targets participants who want to put staked assets to work in broader DeFi ecosystems rather than leaving them idle.

Babylon operates on the Babylon Genesis chain and issues the BABY token, which functions as the native asset within that ecosystem. The liquid staking mechanism allows users to deposit assets and receive a liquid representation in return, which can then be used elsewhere in DeFi. No consensus algorithm or block time data is stored for this asset, so a more detailed technical description of chain-level mechanics is not available here.

Babylon collected fees of $0.59 over the most recent 24-hour period, $4.36 over the trailing 7 days, and $21.46 over the trailing 30 days, with fees declining 20.27% over that 30-day window. Annualizing the trailing 30-day figure produces approximately $261.10 per year, and the trailing 12-month total stands at $707.60. Despite this fee activity, protocol revenue — the portion of fees the protocol itself retains — is recorded as zero across the 24-hour, 30-day, and 12-month periods, meaning the protocol does not appear to keep any of the fees it generates. As a result, fee-yield and related revenue-based measures on this page reflect gross fee flow only, with no net income flowing to the protocol treasury.