![Antpool mines consecutive Bitcoin blocks, earns nearly $2 million amid Babylon staking surge](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/08/bitcoin-mining-1.jpg&w=70&h=37&q=75)
Quick Take
Antpool has recently mined two consecutive Bitcoin blocks, securing nearly $2 million in total revenue from both block subsidies and transaction fees, according to mempool.space.
Block 857910, mined by Antpool, contained 9.5 BTC in fees, equivalent to approximately $583,000.
![Block 857910: (Source: Mempool)](https://cryptoslate.com/wp-content/uploads/2024/08/btc-49.png)
Following that, Block 857911 featured 15.55 BTC in fees, amounting to around $950k. This surge in transaction fees is largely attributed to Babylon, a Bitcoin staking platform that recently gained significant traction.
![Block 857911: (Source: Mempool)](https://cryptoslate.com/wp-content/uploads/2024/08/btc-48.png)
Babylon, which raised $70 million in a funding round earlier this year, allows users to stake up to 1,000 BTC in total; stakes are accepted on a first-come-first-serve basis, according to Chorus.one. Within 48 hours of its testnet launch, Babylon attracted over 100,000 stakers, driving up network activity and, consequently, transaction fees.
According to Mononaut, a developer at Mempool, Babylon has no functionality yet.
“As far as I can tell, Babylon has no functionality yet, other than staking. There are no staking rewards and no yield”.