What is the total value locked (TVL) by blockchain in the cryptocurrency industry?

3 answers

• Nov 28, 2021 · 3 years ago
  Total value locked (TVL) refers to the total amount of cryptocurrency assets that are locked in smart contracts on a blockchain. It is calculated by summing up the value of all assets locked in various decentralized finance (DeFi) protocols, such as lending, borrowing, and liquidity provision. TVL is an important metric as it provides insights into the level of activity and liquidity in the DeFi ecosystem. It can also be used to gauge the overall health and growth of the cryptocurrency industry.
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• Nov 28, 2021 · 3 years ago
  TVL is like the 'locked savings' of the cryptocurrency industry. It represents the amount of money that users have committed to different DeFi projects and cannot easily withdraw. This metric is important because it shows the level of trust and confidence users have in these projects. A higher TVL indicates a larger user base and more capital flowing into the DeFi space, which can be seen as a positive sign for the industry's growth and potential.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has been actively tracking the TVL in the cryptocurrency industry. As of the latest data, the total value locked by blockchain in the cryptocurrency industry is estimated to be over $50 billion. This demonstrates the significant growth and adoption of DeFi protocols and showcases the potential of blockchain technology in revolutionizing traditional finance.
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