Hylo Crosses $100 Million TVL After Recovering From Flash Crash

The DeFi protocol reached a nine-figure total value locked milestone just weeks after enduring a sharp Black Friday market drop.

Summary

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Terms & Concepts
  • TVL (Total Value Locked): A metric representing the total value of assets deposited in a DeFi protocol, measured in USD.
  • Flash Crash: A very rapid, deep, and volatile drop in asset prices within a short time period, often followed by a quick recovery.
  • DeFi Protocol: A decentralized finance application built on blockchain that offers financial services without traditional intermediaries.