Heard on the Block: “total value locked”

🌡️ Like a quick temp check for crypto health…

Total value locked, or TVL, is the value of all the crypto tied up in a smart contract, and it’s one metric used to gauge the health of a digi ecosystem. The industry’s thinking: the more crypto wrapped up in a project, the more robust it could be. As of yesterday, there was more TVL on base — the ethereum layer 2 that Coinbase launched last month — than on solana. Fans once hyped solana, a layer-1 blockchain that in the past struggled with outages, as a potential “ethereum killer.”