PANews reported on April 1 that the Babylon Foundation published a statement on the X platform that the Babylon Genesis mainnet will be launched soon, which is the second phase of the Babylon protocol launch.

The Babylon protocol is reportedly launched in three phases. Phase 1: Launching the supply side of the Bitcoin security and liquidity market. Phase 2: Launching the first BSN, Babylon Genesis. Phase 3: Launching other BSNs to complete the demand side.