Calculate the Total Value Locked (TVL) in a DeFi protocol. Enter token amounts and prices to compute the combined USD value of all assets deposited in a protocol or pool.
Total Value Locked (TVL) is the most widely used metric to measure the size and adoption of DeFi protocols. It represents the total USD value of all assets deposited into a protocol's smart contracts — including tokens in lending pools, liquidity pools, vaults, and staking contracts.
This TVL Calculator helps you compute TVL from individual token deposits and prices. Enter up to four tokens with their amounts and prices to see the combined TVL. This is useful for verifying protocol-reported TVL, calculating pool-specific TVL, or estimating TVL for smaller protocols not tracked by aggregators.
Understanding TVL helps you evaluate protocol adoption, compare protocols, and assess the credibility of yield opportunities. A protocol's TVL relative to its market cap reveals whether it's over- or under-valued.
Crypto traders, long-term holders, and DeFi participants benefit from transparent crypto tvl calculations when planning entries, exits, or portfolio rebalances. Revisit this calculator whenever market conditions shift to keep your strategy grounded in accurate data.
TVL is the fundamental health metric of DeFi. This calculator lets you verify TVL figures, compute pool-specific TVL, and understand how individual token price changes affect overall TVL. Real-time recalculation lets you model different market scenarios quickly, so you can act with confidence rather than relying on rough mental estimates.
TVL = Σ (Token Amount × Token Price) for all deposited assets. Pool TVL = Token A Amount × Price A + Token B Amount × Price B.
Result: $37,000,000 TVL
ETH: 5,000 × $3,000 = $15,000,000. USDC: 10,000,000 × $1 = $10,000,000. WBTC: 200 × $60,000 = $12,000,000. Total TVL = $15M + $10M + $12M = $37,000,000.
TVL growth indicates protocol adoption. Steady organic TVL growth is a positive signal. Sudden spikes might be mercenary capital chasing incentives. Sudden drops could indicate exploits, trust issues, or better opportunities elsewhere.
Different aggregators calculate TVL differently. Some include staking, others exclude it. Some count borrowed funds, others don't. DefiLlama has become the standard by providing transparent methodology and excluding double-counted values.
TVL alone doesn't tell the whole story. A protocol with $1B TVL but $0 revenue is less sustainable than one with $100M TVL generating $20M annually. Combine TVL with revenue, fees, and user metrics for a complete picture.
TVL measures the total dollar value of crypto assets deposited in a protocol's smart contracts. It includes all pools, vaults, lending markets, and staking contracts. Higher TVL generally indicates more trust and adoption.
Yes. TVL can be inflated by double-counting (the same dollar deposited, borrowed, and re-deposited), by counting non-liquid assets, or by using optimistic token valuations. Always consider TVL methodology.
TVL is denominated in USD. When token prices change, TVL changes even if no tokens are deposited or withdrawn. A 10% ETH price drop reduces the TVL of all protocols holding ETH by roughly 10%.
Top protocols like Aave and Lido have TVLs in the billions. Mid-tier protocols hold tens to hundreds of millions. Protocols with under $1M TVL are considered small and may carry higher smart contract risk.
Revenue is typically a percentage of TVL (through fees). A protocol with $1B TVL generating $50M annual revenue has a 5% yield on TVL. TVL alone doesn't indicate profitability — revenue efficiency matters.
TVL/MCap compares the value locked in a protocol to its token's market cap. A ratio above 1 suggests the protocol holds more value than its token is worth — potentially undervalued. Below 1 may indicate overvaluation.