The number everyone quotesTVL is the dollar value of assets secured in a protocol's smart contracts at a given moment, for lending, staking and liquidity. It measures assets parked, not activity, revenue or safety.
The October 2026 pictureTotal TVL was roughly $88 billion (DeFiLlama, reported October 27), down about 2.5% in a week and 39% year-to-date, after six straight months of slide....
