Quickswap ($QUICK ) 7-day TVL: -41.79%, currently $74.23 million.
First, what this figure means: TVL is the total dollar value of assets locked in a protocol. It changes with both deposits and withdrawals, as well as fluctuations in token prices. It fell by $53.29 million over 7 days, but this figure alone can't tell us whether that was due to withdrawals or falling prices.
The token fell by 3.37% over the same period, while the value locked dropped even more, so the decline wasn't just driven by the token price. Bullish or bearish?
#QUICK
First, what this figure means: TVL is the total dollar value of assets locked in a protocol. It changes with both deposits and withdrawals, as well as fluctuations in token prices. It fell by $53.29 million over 7 days, but this figure alone can't tell us whether that was due to withdrawals or falling prices.
The token fell by 3.37% over the same period, while the value locked dropped even more, so the decline wasn't just driven by the token price. Bullish or bearish?
#QUICK