One of the most often used metrics in the decentralized finance (DeFi) industry, total value locked (TVL), is "a deceptively complicated metric hiding under a benign name," according to crypto intelligence firm Coin Metrics. What this metric should be measuring is the total size of a levered market, and that figure "can be misleading as it is
One of the most often used metrics in the decentralized finance (DeFi) industry, total value locked (TVL), is "a deceptively complicated metric hiding under a benign name," according to crypto intelligence firm Coin Metrics. What this metric should be measuring is the total size of a levered market, and that figure "can be misleading as it is
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