LayerZero V2（$ZRO ）’s 7-day TVL is up 42.29%, currently at $15.935 billion.
First, what does this figure mean? TVL is the total dollar value of assets locked in a protocol. It can change as deposits go up or down and as token prices fluctuate. The increase of $4.736 billion over 7 days doesn’t tell us whether it came from new deposits or rising prices.
Over the same period, the token is down 14.17%, so the trends in locked value and token price don’t align. Do you buy these figures?
First, what does this figure mean? TVL is the total dollar value of assets locked in a protocol. It can change as deposits go up or down and as token prices fluctuate. The increase of $4.736 billion over 7 days doesn’t tell us whether it came from new deposits or rising prices.
Over the same period, the token is down 14.17%, so the trends in locked value and token price don’t align. Do you buy these figures?