We’re excited to share some stats from the Babylon Mainnet Phase-1, Cap-1 launch!
Let's dive in 👇
Note: Some stats are based on self-claimed data and are estimates only.
1,000 BTC cap filled in 6 blocks (~74 mins):
12.74K unique staker addresses participated.
20.61K staking transactions processed.
Estimated staking source breakdown of the 1,000 BTC:
~80% from liquid staking token (LST) projects
~20% from native stakers.
369 BTC overflow occurred
Estimated breakdown: ~50% from LST projects ~50% from native stakers
Total transaction fees paid: ~50 BTC (100% paid to miners)
At least 40 BTC in fees paid by LSTs.
By and large, mining pools and stakers (both LSTs and native stakers) followed a fair, transaction-fee based competition.
We appreciate the community’s overwhelming support and participation during Phase-1, Cap-1!