More TVL, More Stability
A recent report from blockchain analysis firm Messari dinged BNB Chain for having nearly half of its Total Value Locked (TVL) by a single dApp PancakeSwap. The firm flagged that TVL hegemony as a potential weakness for the network if the Decentralized Exchange (DEX) ever suffered an exploit or technical breakdown.
But how do the other major blockchain’s compare? Let’s explore:
When you are assessing a blockchain’s performance, TVL is a crucial metric for the profit potential and usability of Decentralized Applications (dApps). A network's TVL distribution among Decentralized Finance (DeFi) protocols can reveal a lot about its health.
TVL can be defined as the total value of cryptocurrency locked in a smart contract. As a DeFi platform's TVL rises, its liquidity, popularity, and usability also increase. DeFi protocols with a higher TVL lock in more capital, resulting in more participant benefits and profits. A lower TVL implies lower availability of money,...
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