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如何轻松掌握 Web3 行业正在发生的市场热点、技术动向、生态进展、治理态势…？ Web3Caff Research 推出的「市场风向洞察」栏目将深入一线探寻当前发生的热点事件，并进行价值解读、点评与原理分析。透过现象看本质，即刻跟随我们快速捕获 Web3 一线市场风向。
作者：wuyue.eth，Web3Caff Resear...

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市场风向洞察：比特币质押 L1 网络 Babylon 推出 Genesis 主网，能否通过其三重架构构建起多链安全与流动性版图？

How to easily grasp the market hotspots, technological trends, ecosystem progress, and governance dynamics happening in the Web3 industry...? The "Market Trend Insight" column launched by Web3Caff Research will delve into first-line exploration of current hot events, providing value interpretation, commentary, and principle analysis. Looking beyond the phenomenon to its essence, immediately follow us to quickly capture the first-line market trends of Web3.

Author: <wuyue.eth>, Web3Caff Resear...

Market Trend Insight: Bitcoin Staking L1 Network Babylon Launches Genesis Mainnet, Can It Build a Multi-Chain Security and Liquidity Landscape Through Its Triple Architecture?

How to easily grasp the market hotspots, technological trends, ecosystem progress, and governance dynamics happening in the Web3 industry? The "Market Trend Insight" column launched by Web3Caff Research will deeply explore current hot events on the front lines, providing value interpretation, commentary, and principle analysis. Looking beyond the phenomenon to its essence, immediately follow us to quickly capture the front-line market trends of Web3.

Author: wuyue.eth, Web3Caff Research Researcher

Cover: Logo from this project, Typography by Web3Caff Research

Word Count: Over 3100 words

Special Reminder: The following content is an objective analysis of Babylon and the staking industry's technical principles and design rules, and does not constitute any proposal or offer. Please do not make any decisions based on this information, and strictly comply with the laws and regulations of your country and region.

The impact created by Bitcoin technology is self-evident, but its strong security and massive asset scale have not been fully released into the broader blockchain ecosystem. The Bitcoin network itself lacks smart contract functionality, and most Bitcoin assets remain idle, unable to directly participate in maintaining the security of other chains or efficiently circulate in decentralized finance. Traditional solutions like Merge Mining allow Bitcoin miners to support the security of other blockchains (such as early Namecoin, Dogecoin) while maintaining the Bitcoin network. However, Merge Mining has two main drawbacks: first, it can only be used to protect blockchains using Proof of Work (PoW) mechanisms and cannot be applied to mainstream Proof of Stake (PoS) chains; second, since miners' primary interests are tied to Bitcoin itself, they can easily attack merged-mined chains without losing Bitcoin, making the protected chain's security completely dependent on miners' subjective will, rather than constraining their behavior through economic penalties, known as the "Nothing-at-Stake" problem.

Market trend insight: Bitcoin staking L1 network Babylon launches Genesis mainnet. Can it build a multi-chain security and liquidity landscape through its triple architecture?

On May 9, 2025, the cryptocurrency market witnessed a historic moment - <BTC> market capitalization exceeded $2.054 trillion, ranking as the fifth-largest asset globally. On that day, <BTC> price briefly surpassed $104,000, currently trading at $102,972, with a 24-hour increase of 6%, rising approximately 40% from its early April low point. Since <BTC> briefly broke through $102,000 on February 4, the price has experienced a three-month oscillation around the $100,000 mark. Just this morning, <BTC> finally broke through $101,000, with a 24-hour increase of 4%,...

The bull market is coming back quickly: Bitcoin is about to hit a new high, and crypto assets are surging across the board!

Since February 4th, when Bitcoin briefly broke through $10,200, it has experienced a three-month-long oscillating struggle, with the price unable to effectively stabilize above $100,000. Just now, the market finally witnessed a critical breakthrough, with Bitcoin surpassing $10,100, showing a 24-hour increase of 4%.
[Will Bitcoin return to $100,000 in 90 days, and is the bull market coming?]
In the first half of 2025, the crypto market has been through numerous twists and turns, with Bitcoin's market share continuously rising to a historic high. The Trump administration has simultaneously released regulatory benefits while disrupting tariff order and market manipulation...

Bitcoin returns to $100,000 after 90 days. Is the bull market coming?

In the past 24 hours, Ethereum finally broke its usual pattern, and after the recent Pectra upgrade, it directly brought a 22% increase along with the warming trend, now standing above $2,200 again. Alongside this, Virtual, EIGEN, SUI, and other Altcoins have seen around 50% gains within 24 hours.

Compared to other Altcoins' 22% increase, it might seem insignificant, but the last time Ethereum rose more than 22% within 24 hours was on May 23, 2024, when ETH's price was from...