DeFi application</strong></a>. Overall, TVL is a metric used to assess the health of the DeFi and yielding markets.</p>\n<p>When calculating and analyzing the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-market-capitalization-market-cap-mcap/">market cap</strong></a> TVL ratio of a decentralized financial service, three primary factors are taken into account:</p>\n<ul>\n<li>The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-circulating-supply/">circulating supply</strong></a></li>\n<li>The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-max-supply/">maximum supply</strong></a></li>\n<li>The current price</li>\n</ul>\n<p><em>How to calculate the TVL ratio? </em>First, you need to multiply the circulating supply by the current price to get the current market cap. 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Since trading volume can help indicate shifts in cryptocurrency trends, it is really important. It is often used by investors to predict downward or upward price movements.</p>\n<p>For instance, <strong>&nbsp;a jump in trading volume</strong> for a coin with a low volume could indicate a shift in a trend, for example, increased institutional interest. Likewise, a drop in trading volume for a coin with a <strong>high volume</strong> could indicate that the demand for the cryptocurrency is diminishing.</p>\n<p>In addition, the trading volume can be used to determine the strength or weakness of a move, and the higher the volume, the higher the momentum. The notion is that<strong> a trader should </strong>be more motivated to join greater swings while avoiding the weaker ones.</p>\n<p>If there were 700&nbsp;trades made in a day, this means that the trading volume of the day is 700. Though if a large number of traders opened positions in the asset<strong> on the same day</strong> and closed them out at the end of the session, the trading volume might be higher than the total number of positions open at the beginning (or end) of that day's trading.</p>\n<p>Note that <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin usually has the highest trading volume.</p>","level":"easy","meta_title":"What is Trading Volume? Definition & Meaning | Crypto Wiki","meta_description":"Trading Volume meaning: Trading Volume - the total amount of digital currency traded in the past 24 hours.","meta_keywords":null,"language":"en","created_at":"2022-04-01T06:01:40.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-trading-volume"},"prevSection":{"id":779,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Token Lockup?","slug":"what-is-token-lockup","section":"T","keyword":"Token Lockup","status":"published","definition":"Cryptocurrency trading is not possible when a token lockup has been established for a set period of time.","content":"<p><strong>Token</strong> lockup refers to a particular time period in which <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies can&rsquo;t be traded or transacted. These lockups usually are seen as a way to keep an unadjustable long-term value of a specific asset.</p>\n<p>Projects generate more money with the aid of lock-up phases since both the need and the value of the token grow. The major rationale for having a lock-up phase, however, is to <strong>safeguard the market from being assaulted with too many tokens</strong>, which decreases the value of the token owing to higher sales.</p>\n<p>For instance, the FLOW token creates 1.25 billion FLOW tokens over its token manufacturing and distribution term. Following that, these tokens held their worth from the moment they were locked up for around a year, and the network continued to operate as well.</p>\n<p>The lockup period and transfer constraints were established with the token production, guaranteeing that pre-launch investors, members of the team, and community members were all on the same ground.</p>\n<p>Moreover, significant sell-offs are sometimes associated with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">initial coin offers (ICO)</strong></strong></a>. In ICOs the project's original investors or those that initially developed the project sell their shares shortly after the cryptocurrency hits the market, and this leads to huge price drops.</p>\n<p>So, to avoid this, token lockups are introduced, and they give additional assurance to possible <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token-sale/">token sale</strong></a> attendees. Also, because the locked-up tokens are not a component of the total supply, they are not considered in technical research performed by investors and traders.</p>\n<p>Additionally, the designers create a public profile for the token lock-up for their society. Developers, on the other hand, set up <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> and invest a specific amount of tokens in a&nbsp;<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cold-wallet/">cold wallet</strong></a>, which is locked for a set period of time, like a few months. They must also rigorously adhere to the token lockup regulations for the team, mentors, private sale members, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-sale/">public sale</strong></a> (IEO) members.</p>\n<p>This instills trust in the initiative and the crew by motivating them to focus on long-term development rather than the market price of their currency. Furthermore, it manages to strengthen the trust of people who assist the initiative.</p>\n<p>As a result, locking up tokens is one of the methods used to keep prices stable. Furthermore, the tokens that have been locked are not counted as part of the overall supply. Rather, they are designed to prevent transfers after a cryptocurrency's first public offering, so neither team members nor investors will be able to obtain their tokens until the lockup term finishes.</p>\n<p>This acts as a motivator for staff to focus on the good instead of quickly selling their holdings following the launch.</p>\n<p>Speaking of the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">DeFi industry<strong>,</strong> it is currently solving a few important issues such as how to safeguard investors from fake initiatives as well as giving the ability for project developers to lock their tokens and protect the trust of their ecosystem.</p>\n<p>Since there are more and more crypto scams and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-rug-pull/">rug pulls</strong></a> in the DeFi market in particular, investors are requesting developers to lock their liquidity and restrict the threat of founder manipulation.</p>","level":"hard","meta_title":"What is Token Lockup? Definition & Meaning | Crypto Wiki","meta_description":"Token Lockup meaning: Token Lockup - Cryptocurrency trading is not possible when a token lockup has been established for a set period of time.","meta_keywords":null,"language":"en","created_at":"2022-04-01T05:39:59.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-token-lockup"},"currentChapter":"T","currentSection":"what-is-total-value-locked-tvl","chapterTitle":"T","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-total-value-locked-tvl","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter T

What is Total Value Locked (TVL)?

Total Value Locked (TVL) MEANING:
Total Value Locked (TVL) - a measure that shows how many assets are currently staked in a protocol.
Easy
1 minute

Let's find out Total Value Locked (TVL) meaning, definition in crypto, what is Total Value Locked (TVL), and all other detailed facts.

Total Value Locked (TVL) measures the number of assets that are staked in a protocol at the current moment. This statistic does not indicate the number of outstanding loans, it represents the total amount of underlying supply that is secured by a DeFi application. Overall, TVL is a metric used to assess the health of the DeFi and yielding markets.

When calculating and analyzing the market cap TVL ratio of a decentralized financial service, three primary factors are taken into account:

How to calculate the TVL ratio? First, you need to multiply the circulating supply by the current price to get the current market cap. Then, take the market cap number and divide it by the service's TVL to get the TVL ratio.

Theoretically, the higher the TVL ratio, the lower the asset's value must be. Though it’s not always the case. One of the simplest applications of the TVL ratio is to assess whether a DeFi asset is undervalued or overvalued (if it is less than 1, it is undervalued).
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