What is total value locked (TVL) in crypto and why does it matter? By Cointelegraph


What is total value locked (TVL) in crypto and why does it matter?

In 2022, appeared as the largest network by DeFi TVL, accounting for over half of the total DeFi volume worldwide.

To give some perspective, the Ethereum DeFi network includes just under 500 protocols. It has a TVL of approximately $73 billion, with 64% of the market share, compared with BNB Smart Chain, which is the second-highest TVL at $8.74 billion in value at 7.7% of the market share, with $5.21 billion and 4.5% of the market share and with $4.19 billion and 3.68% of the market share.

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What is total value locked (TVL) in crypto and why does it matter?

In 2022, appeared as the largest network by DeFi TVL, accounting for over half of the total DeFi volume worldwide.

To give some perspective, the Ethereum DeFi network includes just under 500 protocols. It has a TVL of approximately $73 billion, with 64% of the market share, compared with BNB Smart Chain, which is the second-highest TVL at $8.74 billion in value at 7.7% of the market share, with $5.21 billion and 4.5% of the market share and with $4.19 billion and 3.68% of the market share.

Continue Reading on Coin Telegraph

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