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Update April 4, 10:40 AM UTC: This article has been updated to insert comments from Bitlayer Kevin He.
According to Blockchain data shared by a developer, more than $ 21 million in bitcoin did not remain in the Babylon Protocol in 24 hours after the Airdrop Ficha of the platform, according to Blockchain data shared by a developer.
On April 4, Bitfeed Mononaut developer <a target="_blank" data-ct-non-breakable="null" href="https://x.com/mononautical/status/1907987119576109162″ rel=”null” target=”null” text=”null” title=”null”>shared That in the previous 24 hours, 256 bitcoin (btc) had not been scared of the rethinking protocol. Mononaut said unstable transactions paid 1.35 btc in rates and consumed 1,318 megavirtualbytes (MVB) of blockspace. This means that the transactions generated high rates and occupied approximately one third of a full bitcoin block.
The activity followed the 600 million Airdrop de Babylon of its native token, Baby, which was distributed to the first users and taxpayers.
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Babylon Airdrops 600 million tokens for the first users
In a previous interview by Coinlegraph, the co -founder of Babylon, Fisher Yu, said that unlike ethereum and Solana, bitcoin Staking does not reward the stakers in the native asset of the chain. Instead, they can obtain native token rewards of the block chain secured by the capital of bitcoin suitable.
On April 3, the Babylon Foundation <a target="_blank" data-ct-non-breakable="null" href="https://x.com/bbn_foundation/status/1907736757124346363″ rel=”null” target=”null” text=”null” title=”null”>announced The details of the Airdrop program for its first users. The protocol said the Airdrop was dedicated to its phase 1 stakers, non -fungible token headlines (nft) and developers that contribute to its ecosystem.
The coating protocol said it was aerogatros of 600 million babies, 6% of its total supply; 30 million babies were assigned to the headlines pioneer pass nft of the protocol, while 5 million babies were scheduled for open source taxpayers.
The rest of the tokens should be distributed between eligible positions that participated in phase 1 of the protocol. This included an Air of Stake Participation of 30 million babies, a reward base of 335 million babies and an Airdrop of bonus reward for the transition of phase 2 of 200 million babies.
While the platform distributed an Airdrop for its first users, it clarified that it did not include wallet campaigns and liquid incentives in this Airdrop event.
In response to Airdrop, crypto Exchange OKX <a target="_blank" data-ct-non-breakable="null" href="https://x.com/okx/status/1907645367790817606″ rel=”null” target=”null” text=”null” title=”null”>list Baby and USDT file is matched in futures prior to the market. Futures prior to the market allow the specular operators on the future price of an asset. This allows investors to exchange babies before the asset is available in the spot markets.
Babylon without annoying “common” short -term behavior
Although millions in btc were not assaults after the Airdrop, the effect can be minimal. Bitlayer's co -founder, Kevin, told Cointelegraph that this was “common behavior in the short term.”
The executive said this simply represents early redemption. In addition, he said that high transaction rates come from Babylon's initial design and do not affect their long -term value.
He added that Babylon attracted significant attention with his tokenomic and his airdrop, which increases community participation. The executive said that the protocol plays a “key role” in bitcoin Defi, pushing bitcoin beyond simply being a value reserve.
Defillama data platform shows That Babylon currently has a total locked value (TVL) of $ 4.29 billion. This represents 80% of the general TVL of the bitcoin ecosystem of $ 5.34 billion.
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