총 예치 금액 (TVL)
DeFi 프로토콜의 스마트 계약에 예치된 모든 암호화 자산의 총 달러 가치입니다.
TVL is often considered the 'AUM' (Assets Under Management) equivalent for DeFi. It is calculated by summing the market value of all tokens locked in a protocol's contracts. A high TVL generally indicates a deep [liquidity pool](/ko/terms/liquidity-pool), which reduces slippage for traders and increases the protocol's stability. However, TVL is a 'noisy' metric; it fluctuates based on both the quantity of tokens (inflows/outflows) and the market price of those tokens. To truly judge a protocol's growth, analysts often look at TVL in 'native' units (e.g., total ETH locked) or 'USD Inflows' to isolate market volatility from actual capital commitment.
graph LR
Center["총 예치 금액 (TVL)"]:::main
Pre_defi["defi"]:::pre --> Center
click Pre_defi "/terms/defi"
Pre_smart_contract["smart-contract"]:::pre --> Center
click Pre_smart_contract "/terms/smart-contract"
Pre_liquidity_pool["liquidity-pool"]:::pre --> Center
click Pre_liquidity_pool "/terms/liquidity-pool"
Rel_market_cap["market-cap"]:::related -.-> Center
click Rel_market_cap "/terms/market-cap"
Rel_stablecoin["stablecoin"]:::related -.-> Center
click Rel_stablecoin "/terms/stablecoin"
Rel_yield_farming["yield-farming"]:::related -.-> Center
click Rel_yield_farming "/terms/yield-farming"
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🧒 5살도 이해할 수 있게 설명
은행 금고 안에 총 얼마의 돈이 들어있는지 보여주는 숫자와 같습니다. 이 숫자가 클수록 그 프로젝트가 더 크고 인기가 많다는 뜻입니다.
🤓 Expert Deep Dive
LST나 LRT 같은 합성 자산을 이용한 중첩 예치로 인해 발생하는 '중복 계산(Double Counting)' 오류를 걸러내는 것이 정밀한 분석의 핵심입니다.