TVL Total
DeFi
The total US-dollar value of assets deposited across every tracked DeFi protocol on every chain.
Why it matters
To gauge the overall size of decentralized finance in one number.
How it is built
Summing the USD value of assets locked in each protocol's smart contracts, aggregated across all chains daily.
What to watch
It is the headline gauge of capital committed to DeFi; sustained growth signals returning risk appetite, while sharp drops reflect withdrawals or falling collateral prices.