LayerZero V2 ($ZRO ) TVL is up 48.09% in 7 days, now at $11.714 billion.
First, what the metric means: TVL is the total value, in dollars, of assets locked in a protocol. It can change due to both deposits and withdrawals, as well as price fluctuations. The $3.804 billion increase over 7 days alone doesn't tell us whether it came from new deposits or rising prices.
The token is up 12.16% over the same period, so TVL rose more than the token price—it wasn't driven by price appreciation alone. How would you trade this?
#ZRO
Just my personal perspective; I could be wrong, so take it with caution.
First, what the metric means: TVL is the total value, in dollars, of assets locked in a protocol. It can change due to both deposits and withdrawals, as well as price fluctuations. The $3.804 billion increase over 7 days alone doesn't tell us whether it came from new deposits or rising prices.
The token is up 12.16% over the same period, so TVL rose more than the token price—it wasn't driven by price appreciation alone. How would you trade this?
#ZRO
Just my personal perspective; I could be wrong, so take it with caution.