What is TVL?
Total value locked is the dollar value of all crypto deposited in decentralized finance protocols — lending markets, exchanges, staking and more. It is the most common way to measure how big DeFi is.
Reading the chart
TVL rises when users deposit more coins and when the prices of those coins go up, so it moves with the market. The chain ranking shows where DeFi activity lives today: Ethereum still leads, followed by networks such as Solana, BNB Chain and others.