Definition
Total Value Locked (TVL) is the total dollar value of crypto assets deposited in a DeFi protocol or chain. Learn how TVL is calculated and why it matters.
Why It Matters
Understanding TVL helps you read crypto market data more accurately and make better-informed decisions when comparing coins, projects, and on-chain activity.
Where You'll See It
TVL appears throughout cryptocurrency analytics on Crypto Market Watch — including coin profiles, rankings, and other glossary entries. Continue with related glossary terms or read the longer-form learn articles for deeper context.