TVL

Total Value Locked (TVL) is a key metric in decentralized finance (DeFi) representing the total value of crypto assets deposited in a protocol's smart contracts. It measures the aggregate dollar amount users have locked in a protocol, indicating the level of liquidity and trust in that platform.

In Bidask Protocol

In the context of Bidask Protocol on TON blockchain, TVL reflects the total capital provided by liquidity providers across all pools. Higher TVL generally means deeper liquidity, which improves trading efficiency and reduces price slippage for users.

TVL includes both tokens supplied as liquidity and any additional assets held by the protocol independently of borrowings or loans. It is considered a proxy for the health and adoption of DeFi applications — growth in TVL signals increasing user participation and confidence.

For example, TON's DeFi ecosystem has shown growing TVL, demonstrating expanding market acceptance and liquidity depth across platforms including Bidask. TVL figures can fluctuate based on asset prices, inflows/outflows, and overall market trends.