DeFi | What exactly does TVL reflect?
TVL (total value locked) is the total dollar value of assets locked in the smart contracts of a protocol or blockchain.
Many protocols on Ethereum have a significant amount of ETH and ETH derivatives locked in them, so fluctuations in the price of ETH directly affect their TVL.
A quick look: $ETH Current price: 2420.86, 24h: -0.86%.
It’s okay to take things slowly. Staying in the game matters far more than making a big profit once.
#ETH
TVL (total value locked) is the total dollar value of assets locked in the smart contracts of a protocol or blockchain.
Many protocols on Ethereum have a significant amount of ETH and ETH derivatives locked in them, so fluctuations in the price of ETH directly affect their TVL.
A quick look: $ETH Current price: 2420.86, 24h: -0.86%.
It’s okay to take things slowly. Staying in the game matters far more than making a big profit once.
#ETH