been following this babylon project for a while if i'm being honest they keep delaying things but it does seem promising but I expect it to be just another bitcoin L2 purposefully created for staking BTC and smart contract blockchain, nothing new about it, maybe the fact that they combine PoS and PoW is interesting but haven't really delved into how it works.
so I expect this one to be valued roughly the same as bouncebit probably around $200m market cap because im not really bullish with these L2s.
They don't have a token, so how it will reach $200M mc?!~