Decentralized Finance (DeFi)
Total Value Locked (TVL)
Also: TVL, Total Value Locked
The total value of assets deposited in a DeFi protocol or across a whole chain. It is a popular gauge of size and trust, but it moves with token prices and can double-count assets that are reused.
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General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.