In this exchange, we see providers employing different methodologies, both labelled Aave TVL. Aave includes cascading loans in their TVL, while Defi Llama(9) and Defi Pulse(8) do not. In traditional finance, we have specific, regulated labels for accounting data. Despite uniform raw data, methodological variations necessitate that data be labeled differently. An example is EBITDA and EBIT. EBIT considers a company’s approximate amount of income generated and EBITDA provides a snapshot of a company’s overall cash flow. Both are ultimately important when analyzing a company’s financial performance, but each calculation serves a distinct purpose.