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DEFI TVL TVL Total Value Locked by Project

DeFi

The total USD value of crypto assets deposited across all tracked DeFi protocols, broken down and ranked by individual project Shown here for WBTC.

Why it matters

To compare the scale of capital committed to different DeFi protocols.

How it is built

Summing the USD value of all assets held in each protocol's smart contracts, ranked from largest to smallest across all tracked projects.

What to watch

The ranking and relative sizes reveal which protocols users trust most with their capital, and shifts over time highlight rising or declining protocol competitiveness.

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