Babylon Protocol vs Centrifuge Protocol

Compare Babylon Protocol and Centrifuge Protocol on TVL, fees, revenue and activity to understand how these projects stack up.

$3.301B

Babylon exports Bitcoin’s economic security to Proof‑of‑Stake networks by letting holders restake native BTC without wrapping. Validators lock BTC in time‑locked UTXOs; mis‑behaviour is punished via cryptographic slashing that burns the locked coins. A Cosmos‑SDK based testnet secured by Babylon went live in March 2024, paving the way for mainnet in late 2025 and integrations with EigenLayer and Berachain.

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$1.629B

Centrifuge Protocol tokenizes real-world assets like invoices and credit pools for DeFi. Its infrastructure bridges traditional finance and DeFi, enabling collateralization of real-world assets for on-chain lending.

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Key Metrics Comparison

Babylon Protocol

TVL

$3.301B

24h Volume

N/A

24h Fees

N/A

24h Revenue

N/A

30d Fees

N/A

30d Revenue

N/A

7d TVL Change

+26.10%

Dominance

1.38%

Centrifuge Protocol

TVL

$1.629B

24h Volume

N/A

24h Fees

$16K

24h Revenue

$16K

30d Fees

$4.94M

30d Revenue

$479.8K

7d TVL Change

Market dominance by TVL

Babylon Protocol

1.4%

Centrifuge Protocol

0.7%

TVL Comparison

Babylon Protocol

Centrifuge Protocol