Academy Glossaries Details
Total Value Locked (TVL)
Total Value Locked (TVL) is a metric that specifically applies to the decentralized finance (DeFi) industry, which offers financial services without the need for a central authority. TVL represents the cumulative value of assets that have been deposited into DeFi protocols. It can be compared to measuring the amount of money held in various traditional financial services such as savings accounts, investment funds, and pensions, but within the DeFi ecosystem.