Dolomite（$DOLO ）24-hour TVL: -16.19%, currently $163 million.
First, what does this metric mean? TVL is the total dollar value of assets locked in a protocol. It changes with both deposits and withdrawals, as well as fluctuations in token prices. It fell by $31.46 million over the past 24 hours, but this figure alone can't tell us whether that was due to withdrawals or falling prices.
The token fell by 4.78% over the same period, while TVL dropped even more, so the decline wasn't driven by token price alone. Which direction are you more bullish on?
#DOLO
For recording and sharing purposes only; this is not investment advice.
First, what does this metric mean? TVL is the total dollar value of assets locked in a protocol. It changes with both deposits and withdrawals, as well as fluctuations in token prices. It fell by $31.46 million over the past 24 hours, but this figure alone can't tell us whether that was due to withdrawals or falling prices.
The token fell by 4.78% over the same period, while TVL dropped even more, so the decline wasn't driven by token price alone. Which direction are you more bullish on?
#DOLO
For recording and sharing purposes only; this is not investment advice.
