Total value locked (TVL)
Plain definition. Total value locked (TVL) is the total value of digital assets currently deposited, or “locked,” in a DeFi protocol, a platform or a whole blockchain ecosystem, usually measured in US dollars.
Technical definition. CoinMarketCap’s glossary calculates TVL by adding up the total market value of all cryptoassets locked in a protocol’s smart contracts at current market prices, using the formula TVL = Sum of (Number of Tokens Locked × Current Price Per Token). These assets are usually locked through staking, supplying liquidity to trading pools, lending or yield farming. The figure changes daily with user deposits and withdrawals, price changes in the underlying assets, and changes in rewards or incentive structures.
On this site
On this site, Total value locked (TVL) comes up in How much activity is on the XRP Ledger right now?, How much XRP Ledger activity is bots, spam or wash trading?, How much liquidity is in XRPL AMMs, and why do figures differ?, How does XRP Ledger activity compare with Ethereum, Solana and Stellar on the same measures? and Is DeFi TVL a good measure of XRP liquidity, and what should be measured instead?.
Source
Total Value Locked (TVL) Definition | CoinMarketCap Learn Topics CMC Updates Language Glossary Authors English Bahasa In (coinmarketcap.com), read October 1, 2026.
Pages that cover Total value locked (TVL)
- How much activity is on the XRP Ledger right now?
- How does XRP Ledger activity compare with Ethereum, Solana and Stellar on the same measures?
- How much XRP Ledger activity is bots, spam or wash trading?
- Is XRP's valuation justified by activity on the XRP Ledger?
- What is FXRP, and how much of it is actually being used?
- Is DeFi TVL a good measure of XRP liquidity, and what should be measured instead?
- How much liquidity is in XRPL AMMs, and why do figures differ?