TVL
Total value locked: an estimate of the monetary value of assets deposited in a protocol or category.
In more detail
TVL gives a rough picture of deposited value, but the number depends on asset prices and the provider's counting method. It can rise without new deposits if token prices rise, and some calculations can count linked positions more than once. It isn't a direct measure of users, revenue, available trading liquidity or security.
How you might use it
A dashboard’s TVL rises after ETH’s price increases, even though the protocol received no additional ETH deposits during that period.
- Written out
- Total value locked
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