What it is
A change in how source-reported nominal USD TVL is distributed across chains.
Why it matters
The distribution shows where reported depth is changing, but it cannot distinguish deposits from token-price repricing by itself.
How we read it
We track each chain's share of total TVL and surface the ones gaining or losing ground fastest, linked to the chain page and its depth curve.
What it cannot tell you
Bridged and double-counted liquidity can distort cross-chain comparisons. We use a single consistent source so the comparison is apples to apples, but it is still an estimate.