From TVL in TVU: Web3 needs a new narrative

In the last few years, the Web3 dominated one metric: the total value locked. The entire ecosystems are evaluated, ranked and rewarded on how much capital can rape in their smart contracts and bridges. However, while TVl was an easy number that indicated that it also led us to a narrow path that increases fragmentation, not freedom.

I feel it’s time to move the narrative. Web3 should not deal with how much the value is locked on isolated chains; It should be engaged in how unlocked value is and can be used everywhere. The industry requires a new north star: the total value is unlocked (TVU).

A TVL failure as a metric

Some readers can claim that TVL is a necessary measure for the assessment of economic security and trust users. Others can claim that full interoperability increases systemic risk, especially given the greater frequency of the bridge feat in cross chain. While I agree that these risks must be solved, they do not justify the continuation of ecosystem fragmentation. TVL encourages protocols to property warehouse through prizes, yield of agriculture and natives, creating liquidity silos, fragmented networks that are difficult and risky to bridge. Developers are putting pressure to match specific ecosystems, while users must move fractured, complex landscape.

Recent trends, such as the spread of layer 2s (Report on Blinginese institution institutional insight noted that the new Etherum L2 solution was launched approximately each 19 The days) and the chains specific to use deteriorated this problem. Projects such as base and explosions are spreading Etherum range, but the value locks are also secured. Meanwhile, the interoperability of promise, such as those made by Cosmos and PolkadotThey have not yet completely solved the composibility of cross chain on the scale.

Introduction of total value unlocked

The total value unlocked switches the focus from insulation to accessibility. The grill is as usual, verified and interoperable values ​​blockchain ecosystem can unlock, not only independent, but at the concert with others. It is about enabling liquidity, data, smart contracts and infrastructure, which will be accessed universally, in all chains. This now is now we need web3: the ability to use the best applications, the most relevant data and deepest liquidity, no matter where they are incurred.

To enable this, the ecosystem requires more than just bridges in transverse chains. It requires a universal verification and interoperability foundation, a settlement layer that confirms data, transactions and smart contracts in various environments.

Unlocking values ​​through universal verification

Instead of relying on trust-based integrations, systems could use mathematical evidence to ensure accuracy. Is it a transaction from Ethereum (El), Smart Contract Agreement on Solana (Salt) or AI Model Conclusion On the Layer 3 Network, a secular layer of settlement would allow developers to check once and use anywhere. This model enables liquidity from one chain to be arranged via others without loss of integrity, and simultaneously enabling smart contracts in one language to verify and refer to the second chain environment. In addition, it allows both models and out of the chain appears and are used using applicable applications and chains, ultimately gathers external knowledge and a state on a chain under a unique verification architecture.

From yours, we stop measuring how captured the value and start measuring how authorized it is.

As more chain launches and how the infrastructure specific application is still reproduced, the fragmentation of the Web3 will only be accelerated in tandem. If we cannot share liquidity, contracts or data easily in environments, the user experience will remain fractured and adopting the main adoption.

The TVU offers a new framework for thinking about growth, priority composibility, reach and usability due to the isolated number. He rewards developers who build interoperable systems and runs the ecosystem architects to design the infrastructure that connects, not isolates. By focusing on the TV and developing universal infrastructure for setting and verification, web3 can move on to liquidity islands and a truly interconnected ecosystem.

Grigore Rosu

Grigore Rosu Is the founder and executive director of PI square. Grigore is a professor of computer science at the University of Illinois and the former NASA engineer, where he developed K box K. Open-Izor “Rosetta Kamenza” for a language programming. Grigore also founded verification of Runtime, now leading a formal verification company in Web3. In 2023. he founded PI in a square with a vision to solve restrictions on fragmentation and trust in today’s blockchain infrastructure.