TVL doesn’t lie but it rarely tells the full story. On @DefiLlama, @SolidoMoney just crossed 3B+ $Supra TVL. That’s not organic growth it’s capital rotation with intent. Most DeFi protocols inflate TVL through mercenary liquidity short-term deposits chasing emissions, not conviction. TVL spikes without sticky utility → liquidity exits as soon as incentives dry up → ecosystems struggle to compound value. #Solido sits closer to infrastructure, not yield theater: → Liquidity tied to staking primitives → Embedded within the Supra execution layer → TVL reflects network alignment, not just farming cycles What to watch next: If inflows remain stable without aggressive incentives, this shifts from a TVL story to a liquidity moat forming at the protocol layer. @Web3Sniper1 Signal>Noise