Definition
Standard measure of protocol size. Hyperliquid's TVL grew past $5B in 2026. Higher TVL generally implies deeper liquidity but is not a quality measure on its own.
TVL (a.k.a. Total Value Locked)
Total value of assets deposited in a protocol.
Frequently asked questions
What is TVL?
Standard measure of protocol size. Hyperliquid's TVL grew past $5B in 2026. Higher TVL generally implies deeper liquidity but is not a quality measure on its own.