{"id":1000168,"date":"2026-06-17T08:06:41","date_gmt":"2026-06-17T08:06:41","guid":{"rendered":"https:\/\/dev.themarketperiodical.com\/glossary\/total-value-locked\/"},"modified":"2026-06-17T08:06:41","modified_gmt":"2026-06-17T08:06:41","slug":"total-value-locked","status":"publish","type":"glossary","link":"https:\/\/dev.themarketperiodical.com\/es\/glossary\/total-value-locked\/","title":{"rendered":"Total Value Locked"},"content":{"rendered":"<p><strong>Total Value Locked (TVL)<\/strong> was developed as a practical measure of how much capital users have committed to a DeFi protocol \u2014 such as a decentralized exchange, lending platform, or yield aggregator. A higher TVL generally indicates more user trust and greater liquidity available within the protocol.<\/p>\n<p>TVL is calculated by summing the current market value of all tokens deposited into a protocol&#8217;s smart contracts. This includes collateral posted by borrowers, liquidity provided to trading pools, and assets earning yield in vaults.<\/p>\n<p>Important caveats when interpreting TVL:<\/p>\n<ul>\n<li><strong>Price-sensitive:<\/strong> TVL is denominated in fiat (usually USD). A protocol&#8217;s TVL can rise or fall significantly based purely on the price movements of the underlying assets, even without any change in the quantity of tokens deposited.<\/li>\n<li><strong>Double-counting:<\/strong> Tokens deposited in one protocol may generate a derivative token (such as a liquid staking token) that is then deposited in a second protocol. Aggregated TVL figures may count both deposits, overstating unique capital at risk.<\/li>\n<li><strong>Not revenue:<\/strong> TVL measures assets under management, not a protocol&#8217;s fee revenue or profitability.<\/li>\n<\/ul>\n<p>TVL is tracked across individual protocols and aggregated by chain and ecosystem by analytics platforms such as DeFiLlama, which maintains historical TVL data for hundreds of protocols.<\/p>\n<p>Significant TVL growth in a protocol can attract more liquidity providers and users in a reinforcing cycle, while TVL decline \u2014 especially rapid withdrawal \u2014 can signal loss of confidence or responding to a security concern.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total Value Locked (TVL) was developed as a practical measure of how much capital users have committed to a DeFi protocol \u2014 such as a decentralized exchange, lending platform, or yield aggregator. A higher TVL generally indicates more user trust and greater liquidity available within the protocol. TVL is calculated by summing the current market \u2026<\/p>\n","protected":false},"template":"","meta":[],"class_list":["post-1000168","glossary","type-glossary","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/glossary\/1000168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/types\/glossary"}],"wp:attachment":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/media?parent=1000168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}