Total value locked (TVL) is the overall value of crypto assets deposited in a decentralized finance (DeFi) protocol – or in DeFi protocols generally.
It has emerged as a key metric for gauging interest in that particular sector of the crypto industry.
Decentralized payments network Terra is now the second-largest blockchain for decentralized finance (DeFi) protocols in terms of total value locked (TVL).
The figures are a nearly 42,000% increase compared to December 2020, when DeFi projects on Terra held $42 million in value.
