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.

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Ethereum has the largest TVL in DeFi of blockchains. Although @zhusu thinks that will change in the future.”

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