How does TVL affect the price of cryptocurrencies?

1 answers

• marsha mSep 18, 2024 · 9 months ago
  At BYDFi, we believe that TVL is an important metric to consider when evaluating the potential impact on the price of cryptocurrencies. However, it is just one of many factors that should be taken into account. Our team closely monitors the TVL of various DeFi protocols and analyzes its relationship with the price of cryptocurrencies. By understanding the market dynamics and investor sentiment, we aim to provide valuable insights to our users and help them make informed investment decisions.
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