TVL isn’t the token holders’ money
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TVL is the total value of assets users have deposited in a service. This money usually belongs to the users, not the token holders.
That’s why a high TVL for $LDO doesn’t, by itself, mean the token should be expensive. You need to look at how much the service actually earns from that money and whether the token benefits from it.
In addition, TVL can rise simply because the coins already held in the service have increased in value.
Subscribe + like in advance
TVL is the total value of assets users have deposited in a service. This money usually belongs to the users, not the token holders.
That’s why a high TVL for $LDO doesn’t, by itself, mean the token should be expensive. You need to look at how much the service actually earns from that money and whether the token benefits from it.
In addition, TVL can rise simply because the coins already held in the service have increased in value.