Solana’s total value locked is $745 million, with $544.72 million transacted in the last 24 hours—about 73% of its Total Value Locked.
The ratio seems too high and could indicate that SOL is very volatile.
Source: https://x.com/SolBulletin/status/1725548102457622565?s=20
I could be wrong but I thought the total value locked refers to the distribution not the amount locked in staking. According to solanabeach 70% of the circulating supply is locked in staking.