<ul><li>Relying solely on Total Value Locked (TVL) can lead to misleading insights in the crypto industry.</li><li>Double counting is a common issue in calculating TVL, where the same funds are counted multiple times across different protocols.</li><li>TVL can be inflated by temporary incentives and locking of tokens, which may not necessarily represent real value creation.</li><li>Rather than focusing on TVL alone, it is more important to assess active engagement, productivity, and sustained growth in the crypto ecosystem.</li></ul>

Why TVL is Crypto’s Biggest Lie (And What Really Matters)

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