Compare Babylon Protocol and Portal 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.
Portal is the user interface for Wormhole, a cross‑chain messaging protocol secured by a 19‑guardian proof‑of‑authority network. It supports token transfers, NFT teleports and arbitrary message passing between more than 30 chains, including Solana, Ethereum and Aptos. A governance token airdrop was announced for Q3 2025 following the Guardian Lightpaper outlining a move to delegated staking.