Babylon, the Bitcoin staking protocol, witnessed an astounding inflow of approximately 23,000 BTC, valued at roughly $1.4 billion, during its second staking round, surpassing the first round's participation. Notably, this substantial staking activity did not instigate a surge in transaction fees on the Bitcoin network. Expressing delight over the successful round, Babylon's co-founder and Stanford professor, David Tse, remarked, "Babylon's second staking round exceeded our expectations, with users committing $1.4 billion worth of BTC. This demonstrates the growing confidence in Babylon's platform and the appeal of our innovative staking model."

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