#cryptocurrency Total Value Locked (TVL) is a metric used in the [[Decentralized Finance (DeFi)]] space to measure the total value of all assets deposited in a DeFi protocol. Essentially, it represents the amount of money users have locked into a particular DeFi platform or application. This can include cryptocurrencies, tokens, or other digital assets that are being used as collateral, staked, or locked in smart contracts for various purposes like lending, borrowing, or providing liquidity. TVL is often used as an indicator of the popularity and health of a DeFi protocol, as higher TVL generally suggests more user confidence and activity.