The Current Market Size of DeFi (2023) - DeFi's TVL (Total Value Locked)
As of 12/04/2023, the current TVL of the DeFi market is $69.910 billion USD .
TVL stands for Total Value Locked, which represents the total value of cryptocurrency that is locked or stored in a DeFi application or smart contract.
TVL is an important metric for assessing DeFi protocols, as it indicates the level of activity and liquidity in the protocol . DefiLlama, a DeFi TVL aggregator, provides real-time data on TVL for different chains and protocols .
The TVL metric is calculated by multiplying the total number of tokens locked in a protocol by their current market price .
It is worth noting that TVL can fluctuate based on crypto token prices, and it is not a perfect measure of the health of a DeFi protocol .