The Total Value Locked (TVL) quantifies the value of all assets used as liquidity on Uniswap, it is denominated in US dollars. It is calculated by summing the token amounts multiplied by their respective prices at each timestamp.

This metric presents the total of the TVL for a given fee tier on Uniswap V3. For each traded token-pair Uniswap allows for pools with four different trading fees: 0.01%, 0.05%, 0.3%, 1%.

To improve its accuracy, adjustments have been made by eliminating token reserves that showed signs of token price manipulation.