Share this article
Data Site DeFi Pulse Fixes Bug, Says Value Locked Actually Hit $13B Last Week
Popular data analytics site DeFi Pulse has claimed a "previously undetected issue" saw TVL under-reported by more than $4 billion on Sept. 18.
By Paddy Baker
Updated Sep 14, 2021, 9:59 a.m. Published Sep 23, 2020, 9:30 a.m.
The go-to analytics site for the decentralized finance (DeFi) space has admitted a bug meant it had misreported a crucial metric showing value held on DeFi protocols.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- DeFi Pulse said on Twitter late Tuesday night that it had identified and fixed a "previously undetected issue."
- Although the analytics site didn't go into specifics into what the issue was, it said it had "backfilled historical data" and that total value locked (TVL) in DeFi had actually exceeded a record $13.2 billion on September 18.
- Founded in 2019, DeFi Pulse is the primary data site for the decentralized finance space.
- Monthly web traffic has surged from 95,000 in May to well over 650,000 by August, according to SimilarWeb.
- "Due to the importance of this milestone to our community, we're thoroughly reviewing the backfilled data (i.e. crossing $13B TVL) in order to ensure it is 100% accurate," DeFi Pulse said in a follow-up tweet.
- TVL represents the dollar amount of tokens locked in protocols and is one of the most popular metrics for assessing the size and popularity of the DeFi space.
- The past week saw a precipitous drop in TVL on DeFi Pulse, falling from the all-time high figure on September 18 to just above $6 billion earlier this week.
- Still, Tuesday's decision is a substantial edit. Archived versions of DeFi Pulse from September 18 show TVL at $9.1 billion – $4 billion below the revised figure.
- Since the start of 2020, TVL has increased from roughly $675 million to $8.3 billion at press time.
- CoinDesk reached out to DeFi Pulse for more detail on the undetected issue, but hadn't received a response by press time.
See also: DeFi Angels, VC Firms Back $2M Round for Data Provider Dune Analytics
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
