The total value locked in all of DeFi. Source: DeFi Lama.

This is the Point-in-Time (PiT) variant of Total Value Locked in DeFi (TVL). PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.