What does the increase in Total Value Locked (TVL) on Solana (SOL) DeFi protocols mean?

Hey folks! I've been hearing a lot about the increase in Total Value Locked (TVL) on Solana's DeFi protocols lately. Can someone break down what this actually means? How does it impact the ecosystem and what should we be looking out for as investors or crypto enthusiasts? Thanks!

#Crypto FAQ

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