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Glossary

Total value locked

Also called: TVL

The value of assets deposited in a protocol. It measures how much is there, not whether it is safe or where the yield comes from.

See also

DeFiFinancial services built from smart contracts rather than companies — trading, lending and borrowing that run as code on a public network. Liquidity poolA pot of two or more assets deposited by many people that traders swap against, with depositors earning a share of the fees.

Last checked 19 Oct 2026.