Bedrock（$BR ）24-hour TVL is up 15.45%, now at $431 million.
First, what does this metric mean? TVL is the total value, in dollars, of the assets locked in a protocol. It changes with both deposits and withdrawals, as well as price fluctuations. It increased by $57.7 million over the past 24 hours, but that figure alone doesn't tell us whether the increase came from new deposits or rising prices.
The token is up 4.23% over the same period, while TVL rose more than the token price—so it wasn't just driven by price gains. Bullish or bearish?
First, what does this metric mean? TVL is the total value, in dollars, of the assets locked in a protocol. It changes with both deposits and withdrawals, as well as price fluctuations. It increased by $57.7 million over the past 24 hours, but that figure alone doesn't tell us whether the increase came from new deposits or rising prices.
The token is up 4.23% over the same period, while TVL rose more than the token price—so it wasn't just driven by price gains. Bullish or bearish?