Babylon Protocol vs Paradex

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

$3.113B
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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$18.4M
Paradex is a high-performance derivatives exchange offering zero-fee perpetuals, deep liquidity and zk-encrypted account privacy on a custom Starknet-based L2. Traders access 250+ markets across futures, dated and perpetual options, and spot via unified margin, with listings that often precede major CEXs. The platform integrates retail price improvement, institutional-grade risk controls and tokenized high-yield vaults, all powered by the DIME token and Paradigm-backed infrastructure.
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Key Metrics Comparison

Babylon Protocol
TVL
$3.113B
24h Volume
N/A
24h Fees
N/A
24h Revenue
N/A
30d Fees
N/A
30d Revenue
N/A
7d TVL Change
+0.97%
Dominance
1.12%
Paradex
TVL
$18.4M
24h Volume
$13.91M
24h Fees
$993
24h Revenue
N/A
30d Fees
$20.5K
30d Revenue
N/A
7d TVL Change
+2.62%
Dominance
0.01%

Category Performance

Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.

TVL Share

Share of combined TVL

TVL Share
Babylon Protocol
99.4%
Paradex
1.0%

Volume Share

Share of combined 24h volume

Volume Share
Babylon Protocol
1.0%
Paradex
1.0%

Fees Share

Share of combined 24h fees

Fees Share
Babylon Protocol
1.0%
Paradex
1.0%

Revenue Share

Share of combined 24h revenue

Revenue Share
Babylon Protocol
1.0%
Paradex
1.0%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Babylon Protocol
0.97%
Paradex
2.62%

Dominance

Market dominance by TVL

Dominance
Babylon Protocol
1.1%
Paradex
0.0%
TVL Comparison
Babylon Protocol
Paradex