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Babylon (BABY)

BABY price chart

Babylon ranks #75 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #417: 342 of the 416 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 429 non-native assets CoinSpectrum lists above it by market cap, about 47% are claims on other assets, 46% are tokens, 7% are memecoins and under 1% are NFT collections.

CoinSpectrum Grade	B · 60/100 · provisional, B to A
Rank among cryptocurrencies	#75
Rank counting claims	#417
Market capitalisation	$52M
Price	$0.0100
Circulating supply	5,191,657,391 BABY
Maximum supply	no fixed cap
Consensus family	Proof of Stake
Consensus mechanism	CometBFT (Bitcoin staking)
Ledger type	Multi-asset ledger
Launch distribution	Presale

Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.

CoinSpectrum Grade (Source)

B — 60 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 55 to 64 (B to A).

Section and criteria	Score	Basis
Consensus	9.1	average of 2 criteria
By leader (its largest chain's market cap) (Source)	9.1	Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap
By family (all its chains' market cap) (Source)	9.1	Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains
Supply	6.8	the supply scale times 0.9, and a point for a fixed cap that holds
Supply (21 million scores 10)	7.6	no fixed maximum; 5.19 billion in circulation
Distribution	5.8	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	0.9	90.6% of today's supply allocated at launch to founders, a company, a foundation or investors. 10B BABY allocated at the Babylon Genesis launch in April 2025 (15% community incentives, 18% ecosystem, 18% R&D and operations, 30.5% early private investors, 15% team, 3.5% advisors) against a current total supply of about 11.03B BABY (CoinGecko, 2026-10-23). source
Fundraising (share sold) (Source)	6.5	Sold by its issuer or insiders: 34.8% of supply sold. Early private investors (Series A, the $70M Paradigm-led token round and others) received 30.5% of the 10B genesis (3.05B); in January 2026 a16z crypto bought $15M of BABY from Babylon, at ~$0.018-0.02 about 0.79B. ~3.84B / ~11.03B total supply (CoinGecko, 2026-10-23) = 34.8% (range 34.4%-35.2%). Early private-round investors received 30.5% of supply. Rounds include $18M (December 2023, Hack VC and Framework Ventures) and $70M (May 2024) led by Paradigm with Polychain and Bullish. No public sale was found; 600M BABY were airdropped. source
Developer share (after launch)	10	No developer share: every new coin goes to the miners or validators who produce blocks. Inflation (8% at launch, cut to 5.5% by Proposal 15 in late 2025) goes entirely to BTC stakers, BABY stakers, co-stakers, finality providers and CometBFT validators; community_tax is 0. source
Decentralisation	5	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: No protocol-level freeze of user BABY is documented. source
No central team (Source)	0	A central team directs it: Babylon Labs develops the only node; it is published under the Business Source License 1.1, not an open-source licence. source
Who can mint (Source)	5	Gated by stake rank: only a capped set of the largest stakes produces blocks
Nodes (Source)	–	Not yet counted
Security	5.4	4.3 of 8 points source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	10	largest 19.3%, largest three 36.4%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	2.5	about 1,629 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	1	not mined: another consensus, 1
Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point)	7	one client, latest version Oct 2026
Open source (Node software)	✗
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	7.4	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $0.000003
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	6.6	about 314 simple transactions a second
Block time (10 minutes 10, less either side)	3.5	a block every 9.55 seconds
Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth)	10	22 MB limit, 1380 MB per 10 minutes
Features (3 checks)	6.7	2 of 3 passed
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	CometBFT blocks about every 9.5 s, so finality takes about ten seconds.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	Cosmos SDK pruning strategies plus min-retain-blocks.
Light clients (Payments verified from headers · Whitepaper §8)	✓	CometBFT light client verifies headers from validator signatures.
Privacy	3.5	3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)	10	Any key can hold and send BABY; the Cosmos SDK bank and auth modules carry no identity check.
UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9)	0	An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history.
HD addresses (A new address for each payment, unlinked · Whitepaper §10)	–
Hidden amounts (Amounts confidential)	0	No confidential transactions.
Hidden parties (Sender and receiver hidden)	0	No sender or receiver hiding.
Network privacy (Origin hidden by default)	0	CometBFT gossip relays transactions directly.
Programmability	4.4	4 of 9 points source
Token issuance (At protocol level)	2	x/tokenfactory, added by the Babylon Genesis v2 upgrade in June 2025, lets any account create native denoms; CosmWasm code upload stays limited to approved addresses.
Smart contracts	0	CosmWasm code upload is limited to four approved addresses; users can instantiate approved code but cannot deploy their own logic.
Multisig and time locks (Without a third party)	✓	Native Cosmos SDK multisig accounts and vesting accounts wired into the app.
Atomic swaps (With other chains)	✗	No open contract platform or HTLC module to express a swap.
Native DEX (Trades the coin itself, not a claim)	✗	No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04).
Cross-chain messaging (Verified by the chain itself)	✓	IBC (ibc-go v10) with callbacks and packet forwarding (Genesis v2, June 2025).
NFTs (Carried by the chain's rules)	✗	No NFT module; tokenfactory denoms are fungible and contracts are gated.
Demand	6.6	average of 7 measures
Exchanges (10 or more: 10)	10	31 exchanges
Daily volume ($10K 0, $1B or more 10)	5.2	$2,375,006 traded in 24 hours; #251 by volume on the exchanges the site reads (scored on the median day of the last 30, $3,878,388)
Turnover (volume ÷ market cap, 5% a day: 10)	9.4	6.6% of its market cap a day, median of the last 30 days
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	9.6	$394,172 within 2% of the price on 7 exchanges, 0.76% of its market cap, median of the last 15 days
Market cap ($1M 0, $10B or more 10)	4.3	$52M, 4.3 on a scale of 2.5 points per tenfold
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)	6.8	futures, options and margin positions 10% of its market cap
Wallet support (wallets that hold it, 10 or more: 10)	1	its own node and wallet, counted as 1: no wallet in the site's directory lists it yet
Record	5.7	average of 3 criteria
Age (years since genesis) (Source)	1	1 full year since 2025-04-10, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	7	2 positive, 0 negative, 2 not yet researched source
Positive
Steady work, 6 of 6	✓	206 commits in 11 of the last 12 months (github.com/babylonlabs-io/babylon); babylon v4.6.0, 22 Oct 2026; 58 stable releases in the last 24 months.
Shipped a security fix in two years, +1	✓	v4.2.5, 4 Feb 2026: CometBFT v0.38.21 for GHSA-h598-3g3g-c67c.
Not yet researched
Shipped a scaling upgrade in two years	–
Shipped a new capability for users in two years	–
Conduct (origin, claims, halts)	9	2 positive, 1 negative source
Positive record
Launched with a stated purpose, not as a joke	✓
No claims by its founders that contradict its own design	✓
Negative record
Halt, freeze or reversal, 2025-06-18	✗	Babylon Genesis halted on 18 Jun 2025 when a validator-set change at an epoch boundary triggered a panic; it was fixed in v2.1.0, released the next day. github.com github.com

Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.

Proof of Stake coins

Proof of Work coins

Supply

5,191,657,391 BABY are in circulation, against no fixed cap — issuance has no defined end.

Launch and allocation

Premine (allocated at launch)	90.6% of today's supply
Sold by the issuer or insiders	34.8% of today's supply
Developer share received since launch	0% of today's supply
Developer share of new coins today	0%
Fundraising	Private or venture funding

10B BABY allocated at the Babylon Genesis launch in April 2025 (15% community incentives, 18% ecosystem, 18% R&D and operations, 30.5% early private investors, 15% team, 3.5% advisors) against a current total supply of about 11.03B BABY (CoinGecko, 2026-10-23).

Early private-round investors received 30.5% of supply. Rounds include $18M (December 2023, Hack VC and Framework Ventures) and $70M (May 2024) led by Paradigm with Polychain and Bullish. No public sale was found; 600M BABY were airdropped.

Early private investors (Series A, the $70M Paradigm-led token round and others) received 30.5% of the 10B genesis (3.05B); in January 2026 a16z crypto bought $15M of BABY from Babylon, at ~$0.018-0.02 about 0.79B. ~3.84B / ~11.03B total supply (CoinGecko, 2026-10-23) = 34.8% (range 34.4%-35.2%).

Inflation (8% at launch, cut to 5.5% by Proposal 15 in late 2025) goes entirely to BTC stakers, BABY stakers, co-stakers, finality providers and CometBFT validators; community_tax is 0.

Sources: theblock.co · defillama.com · babylonlabs.io · babylon.valopers.com · rest.cosmos.directory · babylonlabs.io. Researched 2026-10-24, medium confidence.

What a regulator has said

No SEC/CFTC determination — unclassified.

The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.

How CoinSpectrum ranks Babylon

Babylon is #75 among cryptocurrencies and #417 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 342 places between Babylon's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.

The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).