🌡️ 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.”
Latest Stories
Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.