TVL stability (CoV over 90d)

Evidence summary #

90-day TVL window (Feb 17 – May 17, 2026): mean $115.0M, std $12.2M, CV ~10.6%. However TVL declined from ~$220M at period start to $99.1M at assessment — a ~55% decline over 90 days. 30-day change: -5.3%. Moderate-to-high volatility driven by a sustained downtrend. Yellow.

Sources #

Methodology #

Compute the coefficient of variation (σ/μ) of daily TVL over the trailing 90 days as a proxy for operational stability.

See the full factor methodology and distribution across all protocols →