Decoded Intelligence Signal
Total Value Locked (TVL)
intermediate
fundamentals
Verified: May 26, 2026Lexicon Core Definition
The total USD value of all crypto assets deposited in a DeFi protocol — the primary metric for DeFi protocol usage and user trust. Growing TVL indicates increasing capital commitment; declining TVL can signal competitive pressure, yield reduction, or security concerns. Tracked in real time on DeFiLlama.
Analysis Breakdown
The total USD value of all crypto assets deposited in a DeFi protocol — the primary metric for DeFi protocol usage and user trust. Growing TVL indicates increasing capital commitment; declining TVL can signal competitive pressure, yield reduction, or security concerns. Tracked in real time on DeFiLlama. Full explanation coming soon when Journey 11 content is ingested.