What is the total value locked (TVL) in the crypto industry?

3 answers

• Feb 17, 2022 · 3 years ago
  The total value locked (TVL) in the crypto industry refers to the total amount of cryptocurrency assets that are locked in various decentralized finance (DeFi) protocols. It is calculated by summing up the value of all the cryptocurrencies held in smart contracts and protocols. TVL is an important metric that indicates the level of activity and liquidity in the DeFi space. It can be used to assess the popularity and adoption of different DeFi platforms and protocols.
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• Feb 17, 2022 · 3 years ago
  TVL is like the 'money in the bank' for the crypto industry. It represents the total value of all the cryptocurrencies that are being used in DeFi applications. This metric is calculated by adding up the value of all the cryptocurrencies that are locked in smart contracts. TVL is a key indicator of the health and growth of the DeFi ecosystem. As the TVL increases, it shows that more people are using DeFi platforms and that there is a higher demand for decentralized financial services.
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• Feb 17, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, defines the total value locked (TVL) in the crypto industry as the total value of all the cryptocurrencies that are locked in smart contracts and decentralized finance (DeFi) protocols. This metric is calculated by aggregating the value of all the cryptocurrencies held in these protocols. TVL is an important measure of the liquidity and activity in the DeFi space, and it can be used to assess the popularity and adoption of different DeFi platforms and protocols.
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