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Babylon

21 pieces · Jan 2024 to Jan 2026 · 1 flagship

Sectors

Bitcoin13 DeFi12 AI5 L1/L25 ZK3 Ethereum3

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Coverage per year

182024

22025

12026

Start here · the strongest pieces on Babylon

Breakdown18 Nov 2024Nuff Protocol: multichain restaking marketplace on EigenLayerBreakdown of Nuff, a unified restaking layer that lets any L1 or L2 asset secure EigenLayer AVSs through LRT vaults, coordinated by Nuffle Fast Finality and NEAR DA. Argues it fixes fragmented restaking, lowers AVS security cost and keeps TVL on native chains.Map14 Jan 2024zkAlpha Watchlist: 29 new infra and DeFi projects (modular, ZK, restaking)Update to the zkAlpha Watchlist, now tracking 174 projects across modularity, rollups, interop, ZK, FHE, restaking and intent-based DeFi. Recaps covered projects and adds short profiles of 20-plus new names such as Dymension, Saga, Zama, Fhenix and several LRT protocols.Thesis30 Mar 2024Ankr's Neura chain and IMOs: the ANKR bull case for AIDescribes Neura as a Cosmos SDK, EVM, IBC chain secured by BTC via Babylon that coordinates a GPU marketplace, and argues IMOs and a possible ORA tie-up make ANKR, at $540M FDV, undervalued versus AI peers.

Timeline · every piece, newest first

2026 1

01 Jan 2026ElizaOS as a bet on AI agents meeting prediction marketsPositions ElizaOS as a 2026 bet on agents plus prediction markets, citing the Babylon product, a Polymarket plugin, an MMO game, cloud SaaS and the open-source agent framework.ThesisAIPrediction markets

2025 2

23 Jul 2025Union bull case additions: Babylon-secured BTCfi and 275M testnet transfersAdds to the Union bull case: Auro BTC LST generating network revenue, integration of Babylon's Bitcoin staking as a Bitcoin Secured Network, chain-abstracted liquid staking with Escher and over 275M testnet transfers.ThesisZKBitcoin

13 Jul 2025Union testnet stats: 90.9M transfers and 586K unique addresses in 30 daysUnion's testnet logged 90.9M transfers over 30 days from 586K unique addresses, with receivers outnumbering senders by about 15%. Sei to Xion is the top route and USDC dominates, with visible farming addresses.DataZKL1/L2

2024 18

18 Nov 2024Nuff Protocol: multichain restaking marketplace on EigenLayerBreakdown of Nuff, a unified restaking layer that lets any L1 or L2 asset secure EigenLayer AVSs through LRT vaults, coordinated by Nuffle Fast Finality and NEAR DA. Argues it fixes fragmented restaking, lowers AVS security cost and keeps TVL on native chains.BreakdownDeFiEthereum

25 Sep 2024More Q4 2024 mainnets to watch and EIGEN as a sentiment gaugeExtends a Q4/24 and Q1/25 launch watchlist and argues EIGEN's transferability on 30 Sept starts a second, larger wave of token launches. The performance of these assets will indicate how bullish sentiment really is.Market takeL1/L2Market structure

24 Sep 2024Bitcoin season airdrop strategy: YT-SolvBTC.BBN (Corn) on PendleWalks through a three-in-one airdrop farming strategy using Pendle YTs on SolvBTC.BBN (Corn), stacking Solv XP, Corn Kernel and Babylon points with leverage. Notes the implied APY of up to 500% depends on FDV scenarios.BreakdownBitcoinDeFi

19 Sep 2024Babylon as EigenLayer for Bitcoin: BTC shared security thesisFrames Babylon as a shared security system powered by Bitcoin that could unlock idle BTC to secure PoS chains, comparable to EigenLayer but tapping the largest pool of idle capital. Points to the Redacted Research deep dive.ThesisBitcoinDeFi

03 Sep 2024Babylon vs EigenLayer: why they are not direct competitorsArgues Babylon is a Cosmos PoS chain lending BTC security to other PoS chains, less general than EigenLayer's programmable trust platform. Expects both to coexist with different capital pools; EigenLayer holds about $12B and is unlikely to add foreign assets soon.ThesisBitcoinEthereumDeFi

02 Sep 2024Solv Protocol data deep dive: the largest BitcoinFi protocol at over $1B TVLData-driven look at Solv: over $1B TVL four months after launch, solvBTC above 18k BTC TVL with about 80% utilization, and solvBTC.BBN filling its 250 BTC cap on Babylon. Includes a correction: real user count is roughly 378k.DataBitcoinDeFi

02 Sep 2024Shared security landscape: EigenLayer vs Symbiotic, Karak, Solayer, BabylonLists EigenLayer's challengers by on-demand security: Symbiotic $1.6B, Karak $800M, Solayer $170M, Babylon $60M, Picasso $15M. EigenLayer holds more than 4x the capital of all competitors combined and has over 35 AVSes in build.MapEthereumDeFi

16 May 2024BTCfi thesis: pStake and Babylon BTC stakingArgues BitcoinFi could see parabolic growth since less than 1% of BTC's $1T+ market cap is used in DeFi, and that pStake's liquid staking expertise and Babylon partnership make it an early mover. Flags that competition will likely be fierce.ThesisBitcoinDeFi

23 Apr 2024Neura: Ankr's AI base layer and the IMO flywheelArgues Neura, an EVM Cosmos SDK chain by Ankr secured with staked BTC via Babylon, can become the hub for AI Initial Model Offerings. Cites Ora's OLM IMO doing 50x and a $100K grant pool as the start of a builders, IMOs, investors flywheel.ThesisAIL1/L2

22 Apr 2024BTC as idle security capital: Babylon and Avail FusionFrames BTC as roughly $1.4T of idle capital that Babylon can put to work securing PoS chains, and ties it to Avail Fusion adding BTC security to a rollup-centric DA base layer. Flags Ankr as a likely BTC liquid staking player.ThesisBitcoinL1/L2

20 Apr 2024Restaking beyond Ethereum: Karak, Babylon, Picasso, Ethos, PersistenceShort list of restaking players outside EigenLayer: Karak as an asset-agnostic competitor, Babylon for BTC, Picasso restaking SOL to secure IBC, Ethos bringing ETH security to Cosmos, and Persistence for Cosmos assets.MapDeFiBitcoin

06 Apr 2024ANKR as a multi-narrative play at a $550M FDVArgues ANKR gives exposure to RaaS, DePIN, AI via Neura, BTC liquid staking, EigenLayer node infra and RPC at a $550M FDV. Compares with AltLayer ($5B), Render ($5B-$10B), ether.fi ($5B) and Lido (>$2B) to call it undervalued.ThesisAIDePINBitcoin

30 Mar 2024Ankr's Neura chain and IMOs: the ANKR bull case for AIDescribes Neura as a Cosmos SDK, EVM, IBC chain secured by BTC via Babylon that coordinates a GPU marketplace, and argues IMOs and a possible ORA tie-up make ANKR, at $540M FDV, undervalued versus AI peers.ThesisAIDePINBitcoin

26 Mar 2024Ankr and Neura: AI chain with GPU network, IMOs and BTC restaking securityBreaks down Neura, a Cosmos SDK EVM chain acting as a coordination layer for Ankr's distributed GPU network, with Initial Model Offerings for fractional AI model ownership and security from Babylon-staked BTC. Argues ANKR at about $500M FDV is undervalued versus billion-dollar peers.BreakdownAIDePIN

19 Mar 2024Ankr as the liquid staking layer for Bitcoin via BabylonThesis that Ankr will issue LSTs for BTC staked through Babylon, mirroring ether.fi and Kelp on EigenLayer, with BTC's $1.2T mostly idle market cap as the addressable base. Compares Ankr's FDV with EtherFi and Lido.ThesisBitcoinDeFi

14 Mar 2024Persistence adopts Babylon Bitcoin staking for Cosmos restakingExplains Persistence adding BTC as a restakable asset via Babylon, extending its LST restaking model. Repeats the 76.1% bonded ratio argument and frames Babylon as EigenLayer for Bitcoin.BreakdownBitcoinDeFi

14 Jan 2024zkAlpha Watchlist: 29 new infra and DeFi projects (modular, ZK, restaking)Update to the zkAlpha Watchlist, now tracking 174 projects across modularity, rollups, interop, ZK, FHE, restaking and intent-based DeFi. Recaps covered projects and adds short profiles of 20-plus new names such as Dymension, Saga, Zama, Fhenix and several LRT protocols.MapL1/L2ZKDeFi

13 Jan 2024Babylon: Bitcoin staking as EigenLayer-style security sharing for PoS chainsExplains Babylon's remote staking: BTC is locked in Bitcoin scripts and slashed for violations on consumer PoS chains, with Babylon acting as an IBC control plane. Contrasts it with EigenLayer, since Bitcoin has no smart contracts for slashing.ExplainerBitcoinDeFi

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EigenLayer110 Ankr16 Picasso14 Karak6 Neura7 Symbiotic5 Union36 Avail39

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