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In November 2020, Inca’s Investigation Team noticed unusual transaction patterns occurring in Compound protocol on Ethereum. These unusual transactions potentially indicate crypto whales moving large amounts of DAI across the Compound Protocol to drive up the key DeFi adoption indicator – TVL. TVL is a popular metric in the DeFi ecosystem representing the total value of assets locked or supplied into a DeFi application's smart contracts. At the time of writing, the TVL across the whole Ethereum ecosystem was just over $30B, up over $20B in just the last three months.