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Shifting from TVL to TVU: Web3 requires a fresh storyline (Opinion)

Unlocking the Full Potential: Shifting Focus from Trap-bound Value to Empowered Value

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Unveiling the Unlocked Total Value: From Focusing on the Locked-In Amount to Emphasizing the...
Unveiling the Unlocked Total Value: From Focusing on the Locked-In Amount to Emphasizing the Empowered Worth

Shifting from TVL to TVU: Web3 requires a fresh storyline (Opinion)

Breaking Away from Silos: Introducing Total Value Unlocked in Web3

Short and sweet, eh? Web3 ain't just about hoarding value, it's about putting that stuff to work! For far too long, we've been obsessed with Total Value Locked (TVL), focusing on how much capital we can stash in smart contracts and such. But it's time to change that game, buddy! Let's talk Total Value Unlocked (TVU), the fresh new north star for the web3 universe.

The Problems with TVL

Listen up, cause here's the deal: TVL ain't all it's cracked up to be. Yeah, some argue that TVL's a necessary measure for security and trust, but hello? It's contributing to a fragmented ecosystem, and that's no good! TVL incentivizes protocols to hoard assets, create liquidity silos, and pressure devs and users alike to play within specific ecosystems.

Things are getting ugly, too, with the rise of Layer 2s, Ethereum clones, and cross-chain bridge exploits. Interoperability issues are real, and they ain't going away anytime soon.

Embracing Total Value Unlocked

Total Value Unlocked? It's about unlocking the damn potential of web3! Instead of focusing on isolation, let's focus on accessibility, making usable, verified, and interoperable value a reality across all chains.

It's not just about fluidity between chains, it's about building a universal verification layer that ensures all transactions, smart contracts, and data can be utilized across diverse blockchain environments. Imagine being able to verify a transaction from Ethereum to Solana with mathematical proofs, making developers' lives easier and ensuring liquidity can flow fluidly everywhere.

The Future of Web3

Total Value Unlocked ain't just a buzzword; it's a movement, baby! It's about shifting the web3 narrative away from isolated chains and towards a more integrated, accessible, and accountable digital universe. Let's break free from silos and unlock the unstoppable power of interconnected chains together.

PS: Shoutout to Grigore Roșu, the man behind Pi Squared, who understands the importance of TVU. peep his background at the University of Illinois and NASA, where he developed the K Framework, a "Rosetta Stone" for programming language semantics. He also founded Runtime Verification, the leading formal verification company in web3, and Pi Squared, focusing on solving the fragmentation and trust limitations in today's blockchain infrastructure.

Enrichment Data (15%)

  • Total Value Unlocked (TVU) is a fresh idea for web3 that concentrates on the usable, verified, and interoperable value obtainable from all blockchain ecosystems, not just one. Link 1
  • TVU promotes interoperability by creating a universal foundation that allows data, transactions, and smart contracts to be validated and utilized across diverse blockchain environments. [Link 1]
  • TVU has the potential to significantly reshape the internet's future by:
  • Enhancing accessibility to a diverse range of blockchain ecosystems.
  • Fostering a decentralized data economy, promoting user control over digital assets and data.
  • Increasing system security and trust through immutable and transparent blockchain technology.
  • Unlocking the potential of all blockchain ecosystems collectively for efficient and widespread adoption of blockchain-based solutions. [Link 3]
  • Grigore Roșu, the founder of Pi Squared, is an expert in blockchain technology and has a background in computer science and aerospace engineering. He formerly worked for NASA and the University of Illinois, developing the K Framework and is now focusing on solving fragmentation and trust limitations in today's blockchain infrastructure. [Link 2]
  1. Embracing Total Value Unlocked (TVU) in web3 signifies a shift towards unlocking the potential of diverse blockchain ecosystems rather than focusing on isolated ones.
  2. TVU aims to create a universal verification layer, enabling data, transactions, and smart contracts to be validated and utilized across various blockchain environments.
  3. By focusing on TVU, we can strive for a more integrated, accessible, and accountable digital universe, breaking free from the silos that have plagued the web3 space.
  4. Unlike Total Value Locked (TVL), TVU promotes interoperability, encouraging the flow of liquidity across multiple blockchains like Ethereum and Solana.
  5. Harnessing the power of cryptographically secure technology, TVU could enhance security and trust within the digital universe, ensuring mathematically proven transactions.
  6. Assessing the TVU movement is crucial for grasping its potential impact on the future of the internet, where issues such as accessibility, a decentralized data economy, and system security can be addressed.
  7. Notable contributors to the TVU movement include Grigore Ros

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