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What does the acronym TVL represent, and why is it considered an important metric within the realm of decentralized finance (DeFi)? Understanding its significance can provide insights into the overall health and performance of DeFi protocols, as well as their attractiveness to investors and users in the cryptocurrency space.

What does the acronym TVL represent, and why is it considered an important metric within the realm of <a data-auto-add="True" href="/feed/faq/categories/Decentralized%20Finance%20Defi" rel="noopener noreferrer" target="">decentralized finance</a> (DeFi)? Understanding its significance can provide insights into the overall health and performance of DeFi protocols, as well as their attractiveness to investors and users in the cryptocurrency space.

What does TVL stand for and why is it a critical metric in decentralized finance?

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