Does Babylon Kill Ethereum!? Solana Surges..

Babylon has quickly gone from $0 in tvl to 11B now +$2b.

This liquidity being provided to defi could take away a key value proposition of Ethereum vs other chains. As best seen with Solana and its competitive dex volume to Ethereum.. Ethereums key advantage is deeper liquidity than Solana.

Should Babylon allow chains to tap into Bitcoin liquidity then its great for ETHUSD but is it good for ETHSOL!?

Babylon is very new so need to see how it all plays out but first signs give this impression to me.