DefiLlama is an indispensable tool in the world of decentralized finance (DeFi). In this article, we are going to explore what DefiLlama is, how it works and what services it offers to users interested in the exciting world of cryptocurrencies and decentralized finance.
Introduction to DefiLlama
DefiLlama is much more than just a cryptographic data website. It presents itself as a DeFi information aggregator, dedicated to providing accurate and comprehensive data on a wide range of DeFi platforms. DefiLlama is committed to providing this data without the influence of advertisements or sponsored content, ensuring transparency and unbiased reporting.
From its humble beginnings in 2020 as a TVL (Total Value Locked) tracker, to its current expansion spanning thousands of protocols on over 180 blockchains, DefiLlama has become a trusted source for tracking growth and activity in the DeFi sector.
How does DefiLlama work?
DefiLlama 's operation is based on DeFi blockchain data aggregation. It covers a variety of projects, from decentralized exchanges (DEX) to lending protocols and liquid participation. By collecting all this data in one place, DefiLlama makes it easy to track the DeFi market on key metrics such as LTV, trading volume and liquidity.
Main features
Detailed Data for Better Decision Making: DefiLlama offers a wide variety of data on DeFi projects, such as decentralized exchanges, lending platforms and yield farming. Users can easily access vital information and filter it according to their interest.
Intuitive Interface for All Experience Levels: DefiLlama features an easy-to-use interface, accessible to both experienced enthusiasts and newcomers to DeFi. It allows easy navigation through thousands of projects to make informed decisions efficiently.
Simplified Portfolio Tracking: Users can connect their DeFi portfolios to DefiLlama to track the performance of their assets in one place. This simplifies portfolio management and makes it easier to make informed investment decisions.
Historical Data for Deep Analysis: DefiLlama provides a complete history of data, allowing users to analyze past trends and make decisions based on historical information. This is especially useful for understanding the evolution of the DeFi market and forecasting future movements.
Community Engagement for Continuous Development: DefiLlama is not just a platform, it is an active community of users and developers who contribute to the continuous development of the platform. This approach ensures that the platform remains relevant and updated to meet the changing needs of the DeFi community.
The Data DefiLlama Offers
On the DefiLlama website, users can find a variety of useful tools and services:
Performance Tracking: Track and compare the performance offered by different protocols and DeFi tokens.
LlamaSwap: A trading tool that automatically finds the best prices and rates for token exchanges.
Token Unlock Updates: Keep track of when tokens are scheduled for release to the market.
Centralized Exchanges Transparency Monitor (CEX): Provides information on assets held by centralized exchanges.
Cross-Chain Bridge Data: Helps track flows and volumes across blockchain bridges.
Governance Proposal Tracking: Provides data to monitor protocol governance through DAO.
Hacking/Exploit History: Shows which protocols have been attacked by malicious actors, including the amounts lost and a description of the vulnerability.
Loan Aggregator: Simplifies lending and borrowing at DeFi by providing market-wide data.
Advantages of using DefiLlama
Protocol Rankings: DefiLlama offers a ranking of DeFi protocols based on various metrics, making it easy to identify the leading platforms in rates, revenue, volume and TVL.
24-Hour Trading Volume: Provides information on recent activity and liquidity in the DeFi sector, with high volumes indicating interest and activity, and sudden drops suggesting changes in the market.
Detailed Metrics for Protocols: Provides a variety of metrics for each DeFi protocol, including TVL, changes over time, rates and revenues, helping users make informed decisions.
Market Capitalization of Stable Currencies: Reports the market capitalization of stable currencies, which are fundamental in the DeFi ecosystem as bridges between fiat currencies and decentralized platforms.
Multi-Blockchain Data: Collects data from multiple blockchains to provide a complete view of the DeFi world, regardless of the underlying blockchain.
Column Customization: Allows column customization to adapt the platform to the individual preferences of users, improving their browsing experience.
Links to Deeper Insights: Provides links to sections with more detailed data for users interested in exploring specific metrics or platforms in greater depth.
CEX Reports: Provides information on activities on centralized exchanges, allowing investors to analyze market trends, trading volumes and liquidity.
Token Unlock Tracking: Allows anticipating market movements by knowing when tokens are expected to be unlocked, helping to strategize for possible price drops or increases.
The Development Behind DefiLlama
DefiLlama is managed by a core team, some of whom are self-funded and others compensated as employees. This team is part of a larger community known as "The Llamas", who actively contribute to the development and continuous improvement of the platform.
The LlamaCorp Family
LlamaCorp is the umbrella organization behind DefiLlama. In addition to the main data site, it operates several other products and services, including:
LlamaNodes: An open source RPC infrastructure service that provides fast and secure access to blockchains.
LlamaFolio: A wallet and wallet tracker with analytics features for DeFi users.
DL News: A news organization that provides original, in-depth reporting on cryptocurrencies and DeFi.
LlamaPay: A non-custodial solution to automate recurring cryptocurrency payments.
For us, Defillama, among others, is a reliable tool with which we work very closely in order to offer you the best products with the greatest ease and the best possible risk.
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Alldefi is a product of CherryNodes S.L. Spanish company CIF: B04945580 and is registered with the Bank of Spain as a provider of services of exchange of virtual currency for fiat currency and custody of electronic wallets.
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