Let's talk about total value locked (TVL):
An asset may be counted more than once: deposit it into Protocol A and receive a receipt token, then deposit that receipt token into Protocol B; both protocols will count the asset in their TVL.
Many Ethereum protocols have large amounts of ETH and ETH derivative tokens locked, and fluctuations in ETH's price directly affect these protocols' TVL.
$ETH 2420.76（-0.48%）
An asset may be counted more than once: deposit it into Protocol A and receive a receipt token, then deposit that receipt token into Protocol B; both protocols will count the asset in their TVL.
Many Ethereum protocols have large amounts of ETH and ETH derivative tokens locked, and fluctuations in ETH's price directly affect these protocols' TVL.
$ETH 2420.76（-0.48%）