Total Value Locked (TVL) measures the total amount of assets staked or held in a specific decentralized finance (DeFi) protocol or platform. It represents the value of coins and tokens that users have committed to various services, such as lending, borrowing, or liquidity pools.TVL is often expressed in terms of a local currency or a major cryptocurrency like Ethereum or Bitcoin. It serves as an important metric for evaluating the popularity and health of a DeFi project. A higher TVL typically indicates greater trust and usage among users, while a decreasing TVL may suggest waning interest or liquidity.Investors often look at TVL to gauge market trends, project sustainability, and potential investment opportunities. However, TVL alone doesn’t provide a complete picture, as factors like market volatility and platform security also play crucial roles in assessing a project’s viability.