Description of simulation: Data is for the period Jan. 1, 2021-March. 31, 2023. These indexes represent hypothetical backtests rebalanced monthly and do not consider transaction costs or whether assets are feasibly investable. These indexes exclude stablecoins, wrapped/pegged tokens, centralized exchange tokens and any assets that have not received a price in the last 365 days. Indexes only include proof-of-stake assets for which TVL data is readily available. “Market cap” refers to the circulating market cap of an asset. TVL includes all forms of how assets are used, or “locked” on a chain, including staked deposits, unstaked assets held in wallets, assets sitting in DeFi protocols, dapps, or smart contracts and so on. This article only summarily describes TVL, but there are ways it can be further quantified and more richly defined. This hypothetical backtest has been prepared by Truvius solely for illustrative purposes. Truvius makes no representation or warranty as to the accuracy or completeness of this information or its construction and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, this information. Past returns do not guarantee future performance.