Fast Take
Antpool has just lately mined two consecutive Bitcoin blocks, securing almost $2 million in whole income from each block subsidies and transaction charges, in response to mempool.house.
Block 857910, mined by Antpool, contained 9.5 BTC in charges, equal to roughly $583,000.
Following that, Block 857911 featured 15.55 BTC in charges, amounting to round $950k. This surge in transaction charges is essentially attributed to Babylon, a Bitcoin staking platform that just lately gained important traction.
Babylon, which raised $70 million in a funding spherical earlier this yr, permits customers to stake as much as 1,000 BTC in whole; stakes are accepted on a first-come-first-serve foundation, in response to Refrain.one. Inside 48 hours of its testnet launch, Babylon attracted over 100,000 stakers, driving up community exercise and, consequently, transaction charges.
In accordance with Mononaut, a developer at Mempool, Babylon has no performance but.
“So far as I can inform, Babylon has no performance but, aside from staking. There are not any staking rewards and no yield”.
