Digital Currency
Add as a preferred source on GoogleTotal value locked is a point-in-time dollar measure, and market prices can change its value while token balances stay the same.
X Layer’s decentralized finance activity is tracked in part through total value locked (TVL), a point-in-time dollar measure of assets counted by protocols.
Market-price changes can alter the dollar value even when token balances remain unchanged.
A TVL change alone therefore does not establish whether users added or withdrew funds.
EconoTimes has explained why DeFi TVL rankings can diverge without net deposit changes.
The quote was $6 above the 5:40 a.m. ET comparison price, while the separate one-hour measure showed a 0.18% decline.
A snapshot at 3:12 p.m. ET (19:12 UTC) on Oct. 22 put OP 8.1% below that day’s opening price.
The position covered 300 BTC at an average entry price of $81,866.50, with a stop at $83,100 and profit-taking set at $77,777.
