How can I calculate TVM in the context of cryptocurrencies?

3 answers

• Dec 30, 2021 · 3 years ago
  Sure! To calculate TVM in the context of cryptocurrencies, you need to consider the total value of assets locked in a specific DeFi protocol. The formula for TVM is usually calculated by summing up the value of all assets (such as tokens or cryptocurrencies) locked in smart contracts within the protocol. This value can be obtained by aggregating data from blockchain explorers or DeFi analytics platforms. TVM is an important metric as it provides insights into the popularity and adoption of DeFi protocols.
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• Dec 30, 2021 · 3 years ago
  Calculating TVM in the context of cryptocurrencies involves determining the total value of assets locked in DeFi protocols. This can be done by analyzing the smart contracts and identifying the assets held within them. By summing up the value of these assets, you can obtain the TVM. It's worth noting that TVM can fluctuate over time as the value of the locked assets changes due to market conditions. Therefore, it's important to regularly update the calculations to get accurate TVM figures.
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• Dec 30, 2021 · 3 years ago
  When it comes to calculating TVM in the context of cryptocurrencies, different platforms and protocols may have their own methods. For example, BYDFi, a popular DeFi platform, calculates TVM by aggregating data from multiple blockchain networks and analyzing the value of assets locked in its smart contracts. This approach provides a comprehensive view of the TVM across different chains and helps users understand the overall value locked in BYDFi's ecosystem.
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