babylon price

Cosmos Townhall July Summary - ICL has canceled the planned Hub EVM. - This only cancels the strategy of building smart contracts on the Hub, but the cosmos EVM remains a development focus. - Abandoning the hub means giving up competition with Solana, Base, and other large smart contract protocols. - They see a large market that already exists and is continuously growing, which is more suitable for cosmos itself. - This is the trend of enterprises going on-chain (whether it's earlier with Coinbase or more recently with Robinhood, etc.). - Among these enterprises, Ripple, TON, Babylon, Ondo, Tether, and others have chosen the cosmos tech stack. Major institutions are quietly adopting Cosmos. The Bank of Japan is using IBC to potentially replace SWIFT. - Real business, real money. Real opportunities. - They are fully committed to bringing enterprises on-chain, including central banks, payment networks, governments, and financial institutions. - Cosmos already has over 150 blockchains, while competitors have fewer than 20. Ondo has $16 billion in real-world assets. Major banks are trialing IBC for cross-border payments. Adopted by real enterprises. - EVM development is still ongoing because enterprises need it. - IBC Eureka is continuously expanding. - Teams like Stride are also continuing to receive full support. - $ATOM remains the monetization layer for everything (as a target). - The next phase in the coming three months is expected to involve in-depth customer research, pilot projects in collaboration with major institutions, and a rebranding of the ecosystem. They are back in startup mode. Testing, learning, and building what customers really want to pay for. - Enterprises are paying real money, and they value long-term partnerships over quick transactions. - Cosmos is the only ecosystem that has been sovereign-focused from the very beginning.

My assessment since the beginning of this year has remained the same; realistically, other L1s are still outperforming ETH. Other L1s need to secure a foothold to gain a significant share because top-tier funds are investing heavily in their own layer 1s. The reason Sui is performing quite well is that it has Grayscale behind it. Grayscale has established a SUI trust fund and is selling SUI ETFs to the public; they want to accumulate as much Sui as possible to maintain liquidity when selling the ETFs. Sui is what they hold, while the ETFs they issue are sold to the public. ETH will still rise, but at the end of this cycle, don't rush; the game has just begun.

My assessment from the beginning of this year until now remains the same; realistically, other L1s are still performing better than ETH. Other L1s need to secure a position to gain a significant share because top-tier funds are investing heavily in their own layer 1s. The reason Sui is rising quite strongly is because of Grayscale behind it; Grayscale has established a SUI trust fund and they want to sell SUI ETFs to everyone. They want to accumulate as much Sui as possible to maintain liquidity when selling the ETF. Sui is what they hold, while the ETF they issue can be sold to the public. ETH will still rise, but at the end of this cycle, don't rush; the game has just begun.

BTCFi lives on Cosmos. ✦ 87% of $BTC users hold other assets ✦ Bitcoin is a $2T market cap asset, ripe for DeFi ✦ LSTs, BTC-backed security, DeFi marketplace, vaults and more on Cosmos via @babylonlabs_io @Lombard_Finance @neutron_org Watch the full ▚▚ SOVEREIGN EVM DAY ▚▚ @ethCC panel with @Starknet ✦ @babylonlabs_io ✦ @PanteraCapital

Babylon brings BTCFi to the Cosmos. Not with wrapping. Not with bridges. But with trustless Bitcoin staking.