Web3 Needs a New Narrative: Focusing on Unlocked Value

From Total Value Locked (TVL) to Total Value Unlocked (TVU), the web3 narrative needs a shift. For years, crypto’s focus has been on how much value is locked within isolated chains and ecosystems. This approach has led to fragmentation and hindered the true potential of decentralized technology. It’s time to move beyond TVL. 2023 saw new Ethereum L2 solutions launched almost every week, while projects like Base and Blast expanded Ethereum’s reach. These innovations have highlighted a critical flaw in web3 – siloed networks that hinder interoperability and limit its reach. A new metric is needed: Total Value Unlocked (TVU).