The Block has released a detailed breakdown of the total value locked (TVL) in decentralized finance (DeFi) by protocol category. The data covers key sectors such as decentralized exchanges (DEXs), lending platforms, liquid staking, and yield aggregators. This analysis helps track the growth and competition among different DeFi sectors over time.
TVL is a crucial indicator for evaluating the adoption scale of a DeFi project. It calculates the total value in USD of all assets locked in the corresponding smart contracts. This metric provides insights into the health and popularity of various DeFi protocols.
The Block's data is presented alongside additional resources, including downloadable datasets, deeper coverage, and API access. The platform also offers related data on TVL by blockchain, smart contract language, and specific DeFi projects on networks like BNB Chain, Avalanche, and Polygon.
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