What is the meaning of TVL in the crypto world?

3 answers

• Mar 18, 2022 · 3 years ago
  TVL stands for Total Value Locked and it is a metric used in the crypto world to measure the total value of assets locked in a particular protocol or platform. It is often used in decentralized finance (DeFi) to assess the popularity and success of a project. The higher the TVL, the more assets are locked in the protocol, indicating a higher level of trust and usage. It can be seen as an indicator of the overall health and adoption of a DeFi project.
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• Mar 18, 2022 · 3 years ago
  TVL is like the 'money in the bank' of the crypto world. It shows how much value is locked in a specific platform or protocol. It's an important metric because it reflects the confidence and trust users have in the platform. A higher TVL means more people are using the platform and investing their assets in it. This can be a sign of a successful and promising project.
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• Mar 18, 2022 · 3 years ago
  TVL, or Total Value Locked, is a term commonly used in the crypto space to measure the total value of assets locked in a specific DeFi platform or protocol. It provides insights into the popularity and adoption of a project. For example, BYDFi, a leading DeFi platform, has a high TVL, indicating that many users have locked their assets in the platform. This demonstrates the trust and confidence users have in BYDFi's services and contributes to its overall success.
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