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Solana DeFi TVL Measures Deposits but Does Not Reveal Withdrawals
Its dollar value can change with asset prices and deposited amounts, and it excludes native SOL staking.

TVL estimates the dollar value of crypto deposited in tracked decentralized finance applications.
On Solana, the measure excludes native Solana (SOL) staking.
Because TVL is dollar-denominated, asset-price changes can affect its total.
Changes in deposited amounts can affect it as well.
TVL alone does not show how much users withdrew.