DefiLlama

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DefiLlama

DefiLlama is a website and data aggregator platform that provides analytics and insights into the decentralized finance (DeFi) ecosystem. It tracks key metrics such as total value locked (TVL), transaction volume, and market capitalization of various DeFi projects and protocols.

What does DefiLlama mean?

DefiLlama is a comprehensive Platform that tracks and analyzes data related to decentralized finance (DeFi) protocols and applications. It provides real-time data, charts, and insights on DeFi metrics such as total value locked (TVL), trading Volume, and liquidity. The platform aims to provide users with a comprehensive view of the DeFi ecosystem and help them Make informed decisions.

DefiLlama’s data is sourced from various DeFi protocols and blockchains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche. The platform aggregates and standardizes data from these sources to provide a unified view of the DeFi market. It also uses advanced analytics techniques to identify trends, patterns, and insights within the DeFi ecosystem.

Applications

DefiLlama has several key applications and is important in technology today for the following reasons:

  • Market Monitoring: DefiLlama provides real-time data and insights on key DeFi metrics, allowing users to monitor the performance of the DeFi market and identify opportunities.

  • Protocol Research: The platform offers detailed information on individual DeFi protocols, including their TVL, trading volume, fees, and other metrics. This data helps users evaluate and compare different protocols before making investment decisions.

  • Risk Management: DefiLlama’s analytics tools assist users in identifying potential risks within the DeFi ecosystem, such as high-risk protocols or volatile assets.

  • Investment Research: The platform provides historical data and insights that help investors track the growth and performance of DeFi protocols over time.

History

DefiLlama was launched in September 2021 by Anton Bukov, a former Software engineer at Google. Bukov observed a lack of comprehensive data and analytics tools for the DeFi market and decided to create a platform that would address this need.

Since its launch, DefiLlama has quickly gained traction in the DeFi community. The platform has become a go-to resource for DeFi users, investors, and researchers. It has also been cited in numerous articles and reports by leading financial publications.

DefiLlama continues to expand its data coverage and analytics capabilities, Aiming to provide even more insights into the rapidly growing DeFi ecosystem.