Total Value Locked (TVL)
defi · metrics
The estimated value of assets deposited in a DeFi protocol, app, chain, or ecosystem at a point in time.
Total value locked (TVL) adds up assets deposited into smart contracts such as lending markets, DEX pools, staking contracts, and bridges. It is commonly quoted in a fiat unit for comparison.
TVL is an adoption signal, not a safety score. It can change because of price moves, incentive programs, leverage loops, double-counting of wrapped assets, or temporary liquidity mining rewards.
Related terms
Liquidity
→How easily an asset can be bought or sold in size without causing a large price move.
finance · trading
Stablecoin
→A cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like USD.
token · defi
Market Capitalization
→A sizing estimate calculated by multiplying an asset's reference price by its reported circulating supply.
finance · market