Babylon Report: Liquid Stake Token (LST) Dominates BTC Stakes on Mainnet with 80% Contribution

COINOTAG News reported on September 25 that Babylon disclosed significant developments on the X platform. Out of the 1,000 BTC staked in the Cap-1 phase of the mainnet, approximately 80% was attributed to the Liquid Stake Token (LST) project, with the remaining 20% coming from native stakers. Simultaneously, there was an overflow of 369 BTC in staking, with an even distribution of around 50% from the Liquid Stake Token (LST) project and 50% from native stakers. These figures highlight the growing importance and contribution of the LST project within the cryptocurrency staking landscape. Stakeholders are keenly observing these developments to assess future staking trends and opportunities.