How should you interpret TVL changes? Take LayerZero V2 at $ZRO as an example:
Its 7-day TVL rose from $11.199 billion to $15.935 billion (+42.29%).
I’d check two things: first, whether this trend can continue for a few days—sharp moves over a day or two often come from a single large holder moving funds in or out; second, whether protocol revenue and user numbers are also growing.
Its 7-day TVL rose from $11.199 billion to $15.935 billion (+42.29%).
I’d check two things: first, whether this trend can continue for a few days—sharp moves over a day or two often come from a single large holder moving funds in or out; second, whether protocol revenue and user numbers are also growing.