The Bitcoin Ecosystem Grows to $5.37B

The Bitcoin ecosystem is rapidly growing as its cumulative Total Value Locked (TVL) has reached $5.37B. Several DeFi protocols are witnessing considerable increases in TVL. According to Phoenix Group, the leading DeFi protocols in the Bitcoin ecosystem as of March 14th include Babylon, Lombard, and SOLV.

> TOP 10 #TVL ON #BITCOIN
> #Babylon #Lombard $SOLV #exSat #Lorenzo #Lightning #tBTC #Coffer #b14g #Bedrock
> — PHOENIX – Crypto News & Analytics (@pnxgrp) March 14, 2025

Babylon Dominates with $4.40B in TVL

Babylon tops the list of DeFi protocols in the Bitcoin ecosystem with a staggering $4.40B in TVL, representing 49.63% of the total ecosystem. Following Babylon is Lombard, which boasts $1.63B, accounting for 18.38% share. The third position is held by SOLV, with $705.20M (7.95% share). Other notable protocols include:
– exSat: $557.43M (6.29%)
– Lorenzo: $384.26M (4.33%)
– Lightning: $382.70M (4.32%)

Bedrock at the Bottom with $107.28M TVL

The Phoenix Group’s list ranks tBTC in 7th place, holding $360.72M (4.07%). Next is Coffer with $230.72M (2.60%), followed by b14g at $108.01M (1.22%). Finally, Bedrock comes last, showing a TVL of $107.28M (1.21%) of the total Bitcoin ecosystem.