How should you read changes in TVL? Let’s take Starknet Bridge $STRK as an example:
Its 7-day TVL rose from $287 million to $422 million (+46.79%).
I’d check two things: first, whether this trend can continue for several days—a sudden jump over a day or two often comes from a few large holders making one-off deposits or withdrawals; and second, whether protocol revenue and user numbers are rising at the same time.
Just sharing some thoughts—this isn’t investment advice.
Its 7-day TVL rose from $287 million to $422 million (+46.79%).
I’d check two things: first, whether this trend can continue for several days—a sudden jump over a day or two often comes from a few large holders making one-off deposits or withdrawals; and second, whether protocol revenue and user numbers are rising at the same time.
Just sharing some thoughts—this isn’t investment advice.