Robust product fundamentals cannot be manipulated, TVL can be.
29 Dec 2022, 16:52
Robust product fundamentals cannot be manipulated, TVL can be
TVL is an important metric but it should not be the be the ultimate metric,
Robust, innovative products that make a real impact are far more important than a number!
TVL is a flawed metric.
Instead of looking at the aggregate metric, ask yourself:
• Is it diversified, or is there systemic risk related to a single dApp?
• Are the dApps providing genuine value, or relying on ponzinomics?
• Is the TVL stable, or volatile?