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7 Comments
Clear sign of the upcoming Bull Run, wait, or not.
> People are rushing to ‘stake’ Bitcoin. This causing transaction fees to skyrocket from $0.50 to $137.
Pump and dump that we like to see
tldr; Babylon Labs launched the first phase of its Bitcoin staking mainnet, causing Bitcoin transaction fees to surge from $0.26 to $132 per transaction within 90 minutes. This spike was due to a rush of users locking up their BTC to participate in Babylon’s self-custodial staking, which reached its maximum total value locked of 1,000 BTC ($60.7 million) quickly. The high fees were a result of a bidding war for transaction prioritization by miners. Fees have since returned to under a dollar after the staking limit was reached.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
So are we like back?
How can you stake a non stake able crypto?
You can non custodial stake with corechain
Why even stake bitcoin? It doesn’t introduce new sats to the network from the Coinbase like staking does on other networks.