Babylon Protocol vs Ondo Finance
Compare Babylon Protocol and Ondo Finance on TVL, fees, revenue and activity to understand how these projects stack up.
$3.13B
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.
View Full Page$3.451B
Ondo Finance tokenises U.S. Treasuries (OUSG) and short‑term corporate notes (USDY), letting DeFi users earn off‑chain yield without KYC for small tickets. Redemptions above $100k trigger regulated KYC/AML, and tokens are soul‑bounded during the settlement window to comply with securities exemptions. OUSG is used as backing collateral for Flux’s RWA stablecoin and is integrated in Curve’s stableswap set.
View Full PageKey Metrics Comparison
Babylon Protocol
TVL$3.13B
24h VolumeN/A
24h FeesN/A
24h RevenueN/A
30d FeesN/A
30d RevenueN/A
7d TVL Change+1.55%
Dominance1.12%
Ondo Finance
TVL$3.451B
24h VolumeN/A
24h FeesN/A
24h RevenueN/A
30d FeesN/A
30d RevenueN/A
7d TVL ChangeN/A
Dominance1.24%
Category Performance
Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.
TVL Share
Share of combined TVL
Babylon Protocol
47.6%Ondo Finance
52.4%Volume Share
Share of combined 24h volume
Babylon Protocol
1.0%Ondo Finance
1.0%Fees Share
Share of combined 24h fees
Babylon Protocol
1.0%Ondo Finance
1.0%Revenue Share
Share of combined 24h revenue
Babylon Protocol
1.0%Ondo Finance
1.0%7d TVL Performance
TVL change over last 7 days
Babylon Protocol
1.55%Ondo Finance
N/ADominance
Market dominance by TVL
Babylon Protocol
1.1%Ondo Finance
1.2%TVL Comparison
Babylon Protocol
Ondo Finance