Bitcoin’s Progress in the Ecosystem

Bitcoin has made significant progress since its establishment. With the ecosystem’s advancements, its network has become an exciting environment for numerous networks and assets, happily thriving on the Bitcoin network.

While several projects operate on the Bitcoin blockchain, many stand out due to their performance. Today, CryptoRank.io highlighted the top 10 projects on the Bitcoin blockchain by TVL, as listed below.

Top 10 Projects by TVL on Bitcoin

• @babylonlabs_io – $4.38B
• @Lombard_Finance – $1.59B
• @SolvProtocol – $685M
• @exSatNetwork – $558M
• @lightning – $379M
• tBTC – $356M
• CofferNetwork – $231M
• b14g_network – $107M
• Bedrock_DeFi – $106M
• AILayerXYZ – $83.7M

— CryptoRank.io (@CryptoRank_io) March 12, 2025

Successful Projects on Bitcoin

Babylon Labs

Babylon Labs, a Bitcoin staking protocol that allows BTC holders to stake while maintaining control over their assets independently, emerged as the largest project on the Bitcoin network with a TVL valued at $4.38 billion, showing its dominant role in the Bitcoin ecosystem.

Lombard Finance

Lombard Finance is the second largest protocol on the Bitcoin network with a TVL of $1.59 billion. It changes Bitcoin’s utility from a store of value into a useful investment instrument through its liquid Bitcoin staking platform.

Solv Protocol

In third place is Solv Protocol, a major Bitcoin staking platform that enables holders to unlock the full potential of their BTC assets. Its TVL of $685 million highlights rapid adoption and widespread impact in the crypto market.

exSat Network

ExSat Network, a Bitcoin scaling solution, took the fourth spot with a TVL of $558 million, supporting the development of Bitcoin’s utility and allowing for DApp deployment on the Bitcoin network.

Lightning Labs

With a $379 million TVL, Lightning Labs secured the fifth place. This Layer 2 protocol facilitates scalability on the Bitcoin blockchain by minimizing costs and traffic congestion.

tBTC

tBTC took the sixth spot with a TVL of $356 million, allowing Bitcoin holders to mint tBTC tokens and access DeFi applications.

Coffer Network

Coffer Network occupied the seventh place with a $231 million TVL, functioning as a decentralized custody solution for BTC users to manage and earn from their Bitcoin assets.

Other Noteworthy Projects

Other popular Bitcoin projects gaining visibility based on their TVL include:
– B14g Network (8th place, $107 million): A Bitcoin Merge Restaking platform.
– BedRock (9th place, $106 million): A Bitcoin staking protocol.
– AILayer XYZ (10th place, $83.7 million): A Bitcoin Layer2 solution.

Bitcoin’s Role in DeFi

As mentioned above, the Bitcoin blockchain has transformed into a useful network where multiple projects operate to offer various services to crypto users. This reflects a wider world of interoperability and scaling solutions, validating Bitcoin’s value through the rise of protocols running on its proof-of-work network.

The achievements of these protocols highlight an important trend in blockchain advancement: associating with Bitcoin’s ecosystem offers tremendous advantages, particularly in terms of adoption and sustainability. By developing interoperability with Bitcoin, chains can position themselves advantageously, benefiting from Bitcoin’s powerful brand name, security, and network effects.