pandaInterpret TVL without confusing it with cash flow
Dollar TVL can rise when token prices rise even if no assets are added. Coverage, asset types and repeated collateral use affect comparisons. A chain total and an individual protocol total answer different questions.
A practical way to use this guide
Use the same methodology and time window. Compare asset quantities and composition alongside dollar value. Keep provider and collection time with every saved observation; a historical snapshot is not a current balance.
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