Total Value Locked (TVL)
German: Total Value Locked (TVL)
The market value of assets held in a protocol contracts; it is a size indicator, not a measure of depth, revenue or solvency, and double-counts assets across composed protocols.
Why people look this up
Readers comparing protocols by size and needing to know what the number does and does not say.
Auf Deutsch
Total Value Locked (TVL) — Der Marktwert der in den Contracts eines Protokolls gehaltenen Vermögenswerte; er ist eine Größenkennzahl und misst weder Markttiefe noch Ertrag noch Solvenz und zählt über verschachtelte Protokolle doppelt.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.