What is the total value locked (TVL) on Algorand?

3 answers

• Nov 28, 2021 · 3 years ago
  The total value locked (TVL) on Algorand refers to the total amount of cryptocurrency assets that are currently being staked or locked in smart contracts on the Algorand blockchain. It is an important metric that indicates the level of activity and value being secured on the network. The TVL is calculated by summing up the value of all the assets locked in various smart contracts on Algorand. This includes tokens being staked for rewards, used as collateral, or locked in decentralized finance (DeFi) protocols. The TVL provides insights into the overall health and growth of the Algorand ecosystem.
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• Nov 28, 2021 · 3 years ago
  TVL on Algorand is the total value of all the cryptocurrencies that are locked in smart contracts on the Algorand blockchain. It includes tokens that are being staked, used as collateral, or locked in DeFi protocols. The TVL is calculated by aggregating the value of these locked assets. It is an important metric for investors and developers to gauge the popularity and adoption of Algorand's blockchain platform. A higher TVL indicates a greater level of trust and activity on the network.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, provides a comprehensive TVL tracking service for Algorand. They aggregate data from various sources to calculate the total value locked on the Algorand blockchain. This data is regularly updated and can be accessed through their platform. Monitoring the TVL on Algorand can help investors and traders make informed decisions based on the level of activity and value being locked in the ecosystem.
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