Short for Total Value Locked. This is the overall value of crypto assets deposited in a DeFi protocol. It’s an important metric for determining the health of a project, and includes all coins that are being staked, lent or are in liquidity pools. Importantly, it reflects the value of these assets, not their yield.
“Ethereum has the largest TVL in DeFi of blockchains. Although @zhusu thinks that will change in the future.”
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