BABYLON QUIETLY BECOMES THE LARGEST BITCOIN STAKING PROTOCOL AT $5.6B TVL@babylonlabs_io has crossed 56,853 bitcoin:native in staked value (~$5.6B), making it the largest Bitcoin-secured protocol by TVL. For context, that's over a third of the entire wrapped bitcoin:native supply, but staked natively with no wrapping or bridging.The setup is unusual. $BABY trades at a $60M market cap against a $5.6B TVL, a 0.01 mcap-to-TVL ratio that's drawn comparisons to early EigenLayer. @a16z just put another $15M into ...