How should you interpret changes in TVL? Take Re at $RE as an example:
The amount locked over 24 hours rose from $368 million to $435 million (+18.21%).
I usually check two things: first, whether the change can be sustained for several days, since sharp one-day swings often result from a single large holder moving funds in or out; and second, whether protocol revenue and user numbers are growing alongside it.
The amount locked over 24 hours rose from $368 million to $435 million (+18.21%).
I usually check two things: first, whether the change can be sustained for several days, since sharp one-day swings often result from a single large holder moving funds in or out; and second, whether protocol revenue and user numbers are growing alongside it.