Why is the total value locked in crypto considered an important metric?

1 answers

• Denis BergéApr 28, 2022 · 3 years ago
  At BYDFi, we believe that the total value locked in crypto is a crucial metric for evaluating the market. It reflects the level of adoption and usage of decentralized finance protocols, which are at the core of our platform. A higher total value locked indicates a strong demand for DeFi services and showcases the potential of our ecosystem. We closely monitor this metric to assess the growth and health of the market, as well as to identify emerging trends and opportunities. By understanding the total value locked in crypto, we can better serve our users and contribute to the development of the DeFi space.
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