What is total value locked (TVL) in crypto and why does it matter?
Cointelegraph
Published May 22, 2022 03:00PM ET
Updated May 22, 2022 04:40PM ET
In 2022, Ethereum appeared as the largest network by DeFi TVL, accounting for over half of the total DeFi volume worldwide.
To give some perspective, the Ethereum DeFi network includes just under 500 protocols. It has a TVL of approximately $73 billion, with 64% of the market share, compared with BNB Smart Chain, which is the second-highest TVL at $8.74 billion in value at 7.7% of the market share, Avalanche with $5.21 billion and 4.5% of the market share and Solana with $4.19 billion and 3.68% of the market share.
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Written By: Cointelegraph
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