VanEck

VanEck's Total Value Locked (TVL) represents the total value of capital deployed across VanEck's asset management products, specifically their VBILL tokenized treasury bill fund. The metric is calculated by tracking the outstanding supply of VBILL tokens across multiple blockchain networks (Ethereum, BSC, Avalanche, and Solana) and represents the total amount of capital that users have invested in VanEck's yield-generating products. The calculation uses two different approaches depending on the blockchain: for EVM chains (Ethereum, BSC, Avalanche), it tracks mint and burn events through token transfer logs, while for Solana, it aggregates daily balance snapshots across all token holders.Learn more