DeFi Intelligence
Capital, activity and revenue across decentralised protocols. Every figure is a reported provider value — CRYPTD does not model or estimate TVL.
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CRYPTD decode
TVL measures capital deposited, not profitability. Fees are paid by users; revenue is the share retained by the protocol. A protocol can hold large TVL and earn very little, and rising TVL during a price rally can reflect asset appreciation rather than new deposits. This is analysis, not investment advice.