Compare Babylon Protocol and Ondo Finance on TVL, fees, revenue and activity to understand how these projects stack up.
$3.307B
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.
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.