Total value locked (TVL) has become the most common metric used to measure the growth of the decentralized finance (DeFi) industry on Ethereum. However, few understand the complexities behind accounting for the value moving into and out of DeFi. In this second episode of our webinar series on Ethereum fundamentals, we unpack the metric of TVL and explore its limitations. We’ll be joined by Ilya Abugov, lead analyst at DappRadar. In a 30-minute webinar, Ilya and Christine Kim of CoinDesk Research will walk you through the quirks of tracking DeFi activity on the Ethereum blockchain through TVL and related metrics. Sign up and join us for our webinar on How to Value Ethereum: Total Value Locked.