Leading Bitcoin staking protocol Babylon launched its Layer 1 (L1) mainnet, Genesis, on Thursday, April 10. The same day, the protocol revealed that it was integrating with Axelar, a popular blockchain interoperability platform, according to a press release shared with The Defiant. Babylon currently has over $4 billion in its Bitcoin staking protocol. The blockchain first launched in August 2024 in the first phase of its planned rollout. The price of BABY — Babylon Genesis’s native asset — has surged over 20% since the launch on Thursday, and is currently trading around $0.14, up over 25% on the day, according to CoinGecko data. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io