Moonbeam, with a Total Value Locked (TVL) of $45 million or more, demonstrates a growing level of adoption and utilization on its blockchain.
The TVL figure indicates a substantial amount of value locked within the Moonbeam ecosystem, which suggests a strong interest and confidence in the platform. A higher TVL reflects the level of engagement and investment from users and projects utilizing Moonbeam's services and capabilities.
On-chain activity is an important metric to evaluate the health and vibrancy of a blockchain ecosystem. Factors such as the number of active addresses, transaction volume, and diversity of applications built on the network contribute to a comprehensive assessment.
A high TVL generally indicates a considerable number of users, investors, and developers actively participating in the ecosystem. This level of engagement signifies confidence in Moonbeam's technology and potential for various use cases, ranging from decentralized applications (dApps) to DeFi protocols. Show Less
