@BabylonLabs_io Dug into $BABY market structure today and noticed something interesting.
Headline volume looks solid at first. But when you look on chain the story changes the vast majority of liquidity is still sitting on CEXs while DEX markets hold a very small share.
To be fair that’s pretty normal for early stage tokens. CEXs are deeper familiar and where large capital naturally goes first.
Will liquidity actually migrate on chain as Babylon scales
Can DEX pools absorb bigger orders without massive slippage?
Or will heavy execution stay glued to centralized venues?
Total trading volume doesn't prove decentralization. Permissionless execution with deep liquidity does.
I’ll be watching whether $BABY can convert hype into real on-chain depth that’s the difference between temporary activity and lasting infrastructure.
@BabylonLabs_io #baby $BABY
Headline volume looks solid at first. But when you look on chain the story changes the vast majority of liquidity is still sitting on CEXs while DEX markets hold a very small share.
To be fair that’s pretty normal for early stage tokens. CEXs are deeper familiar and where large capital naturally goes first.
Will liquidity actually migrate on chain as Babylon scales
Can DEX pools absorb bigger orders without massive slippage?
Or will heavy execution stay glued to centralized venues?
Total trading volume doesn't prove decentralization. Permissionless execution with deep liquidity does.
I’ll be watching whether $BABY can convert hype into real on-chain depth that’s the difference between temporary activity and lasting infrastructure.
@BabylonLabs_io #baby $BABY