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8/23/2024 7:41:25 AM

Babylon Staking Frenzy: High Participation and Rising Fees

Babylon Staking Frenzy: High Participation and Rising Fees

According to @ai_9684xtpa, the Babylon staking event saw rapid participation, with the first phase's 1000 BTC cap filled in less than six blocks. There were 20,610 staking transactions from 12,720 addresses. Following the staking kickoff, miner fees surged to $200, averaging $130, reminiscent of the inscription era, which could be costly for individual stakers. Among BTC Liquid Staking Tokens (LSTs), SolvProtocol was highlighted.

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Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references