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Stablecoin issuers

Avant Protocol

# Avant Protocol Total value locked Methodology

## 1. Overview

Total value locked (TVL) measures the total value of on-chain deposits within Avant Protocol, represented by the market value of its issued stablecoin asset, Avant USD. This metric is used as a leading indicator for the protocol's scale and the total tokenized value of user deposits. TVL is calculated by aggregating the circulating market cap of Avant USD.

## 2. Data sources

- **Circulating market cap**: Derived from the circulating market cap metric for Avant USD, covering Avalanche

## 3. Step-by-step calculation

### Component A: Avant USD circulating market cap extraction

- **Purpose**: Extracts the circulating market cap for Avant USD to establish the baseline asset value
- **Logic**: Circulating market cap values for Avant USD are filtered and extracted from the upstream asset metrics. Only records matching the Avant USD asset identifier and the circulating market cap metric identifier are retained.
- **Key fields**: `timestamp`, `chain_id`, `outstanding_supply`

### Component B: Total value locked aggregation

- **Purpose**: Aggregates the extracted outstanding supply values into the final TVL metric
- **Logic**: Outstanding supply values are summed by timestamp, chain, and product. A finalization process is applied where missing daily values are filled with zeros to ensure a continuous and complete time series.
- **Key fields**: `outstanding_supply`, `tvl`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Avant Protocol

Total value locked

Total value locked

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