Tradecraft's October 5 update puts its total value locked on Canton above $3.5 million. The milestone follows a September 3 update that put the value held across its liquidity pools above $3 million.
Total value locked, usually shortened to TVL, measures assets held in a platform at a point in time. It is separate from trading volume, which tracks the value exchanged over a period.
Tradecraft lets users swap tokens against pools funded by liquidity providers. Its liquidity guide explains that providers deposit a pair of assets and receive tokens representing their share of the pool. They can earn a portion of the fees generated when traders use it.
The latest amount is a dated snapshot provided by Tradecraft, not an independently audited figure. The brief update does not include a pool-by-pool breakdown or identify how much of the change came from new deposits rather than asset prices.
