Glossary / DeFi

TVL

Total Value Locked — the USD value of all assets deposited into a DEX, protocol, or specific pool.

TVL measures how much value users have deposited into a DeFi protocol. Higher TVL usually correlates with trust, liquidity depth, and lower slippage. For a specific pool, TVL is the sum of both sides valued in USD.

For meme coins, pool TVL matters more than protocol TVL. A $200k Raydium CPMM pool can support meaningful trading; a $2k pool cannot.

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