QuickSwap ($QUICK ) 7-day TVL: -45.49%, currently $77.57 million.
First, what this figure means: TVL is the total value, in U.S. dollars, of assets locked in a protocol. Deposits and withdrawals, as well as fluctuations in asset prices, can all affect it. The 7-day decline was $64.74 million, but this figure alone can’t tell us whether it was caused by withdrawals or falling prices.
During the same period, the token was up 2.85%—the trends in TVL and token price don’t match. Do you find this data convincing?
#QUICK
Stay level-headed and manage your position size.
First, what this figure means: TVL is the total value, in U.S. dollars, of assets locked in a protocol. Deposits and withdrawals, as well as fluctuations in asset prices, can all affect it. The 7-day decline was $64.74 million, but this figure alone can’t tell us whether it was caused by withdrawals or falling prices.
During the same period, the token was up 2.85%—the trends in TVL and token price don’t match. Do you find this data convincing?
#QUICK
Stay level-headed and manage your position size.