The privacy-focused protocol’s total value locked has more than doubled, pointing to a sharp increase in capital deposited on the network.
Zama’s total value locked, or TVL (crypto deposited in a protocol), has jumped 114% over the past month to more than $46 million. The move indicates that capital committed to the privacy-focused protocol has more than doubled over that period, a metric often used to gauge user activity and momentum in decentralized finance.