Babylon Labs has officially launched Babylon Genesis, the first-ever Layer-1 blockchain secured by Bitcoin. This groundbreaking initiative marks a significant step forward in the DeFi landscape and offers users unprecedented control over their staked assets. 💰 The launch follows the initial Phase 1 rollout in August 2024 which introduced Bitcoin (BTC) staking via self-custodial contracts, attracting substantial investment with over 49,678.65 BTC ($4.06 billion) locked into these agreements. 📈 Today’s launch marks the beginning of a new era in blockchain technology and secures its future by integrating core infrastructure including validator nodes and finality providers. The Babylon Genesis Layer-1 platform also introduces the availability of its native BABY token for transfers and staking, which users will receive through an airdrop. ✅ This milestone signifies Phase 2 of the project, paving the way for additional Bitcoin-secured networks, enabling other blockchains to leverage BTC staking security and liquidity via Babylon Genesis.