Babylon Protocol vs Veda

Compare Babylon Protocol and Veda 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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$1.187B

Veda tokenises DeFi strategy vaults as ERC‑4626 ‘vTokens’ that stream strategy yield directly to holders. Vault managers can plug into Veda’s automation network to rebalance positions and roll over expiring perps without gas overhead. Early vaults include principal‑protected ETH‑BTC basis trades and leveraged stETH/ETH LP positions.

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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%

Veda

TVL

$1.187B

24h Volume

N/A

24h Fees

$93.7K

24h Revenue

$20.4K

30d Fees

$3.49M

30d Revenue

$705.6K

7d TVL Change

Market dominance by TVL

Babylon Protocol

1.4%

Veda

0.5%

TVL Comparison

Babylon Protocol

Veda