BentoBox TVL

    Q55: What is the total value locked in Bentobox across Polygon and Ethereum chains? Which chain brings the most activity to Bentobox?

    Introduction

    The BentoBox (sometimes referred to as Bento) is a token vault that generates yield for the capital deposited into it.

    Total value locked (TVL) is the overall value of crypto assets deposited in a decentralized finance (DeFi) protocol

    In this question, we count TVL in Bentbox on Ethereum and Polygon chains.

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    Method and Results

    To calculate TVL, we must first obtain the number of locked tokens. Multiplying the number of tokens by their daily price gives the amount of TVL.

    Conclusion

    As we have seen, the volume locked in the Ethereum chain is much larger than the Polygon Chain.