If there were to be a ranking in our selection of Defi tools, DeFiLlama would have every chance of taking first place. After all, it’s the biggest DeFi dashboard which aggregates and analyzes data from hundreds of blockchains and thousands of applications. In this article, we present what DeFiLlama can do for you and how to use it effectively. After reading these few lines, the world of cryptos will hold no more secrets for you!
Estimated reading time : 9 minutes
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General presentation of DeFiLlama
What is DeFiLlama?
DeFiLlama is a crypto tracker which tracks and analyzes data from over 200 blockchains and thousands of decentralized finance platforms (DeFi), as well as some centralized platforms. The data on offer is updated in real time.
The site provides access to several hundred key information itemssuch as total locked value (TVL), number of users, trading volumes, returns offered, protocol fees and revenues, token usage, fundraising, hacks that have taken place, programming languages used by smart contracts, etc. You’ll find a more complete list in the rest of this article.
Thanks to its many options and well-designed interface, DeFiLlama also offers the possibility of compare easily compare DeFi projects. You can de filter data by category, blockchain, etc., and view at a glance the best options, trends and developments on the DeFi market.
To the delight of its users, DeFiLlama is completely free of charge and its data are open source.
History of the platform
DeFiLlama a born in 2020under the impetus of a group of developers whose ambition was to give everyone transparent access to Defi information.
Three years later, it’s clear that the team has won its bet. Their tool is clearly one of the industry’s must-haveswith over 10 million monthly users.
The platform is part of the Llama Corp. For the time being, it is largely financed by one of its co-founders, Charlie Watkins.
March 2023, ideological disagreement within the team almost led to the fork of the platform and the creation of a token, LLAMA. After a few days of uncertainty, the problem was finally resolved internally, and everything returned to normal, without any change to the initial operating model.
The site is also supported by external project developers. Continuously improving, the functionalities it offers are constantly evolving, and their list is growing all the time.
Features offered by DeFiLlama
DeFiLlama is designed for all types of DeFi investorsfrom the most novice looking to simply make a swap, to the most expert wanting to carry out advanced on-chain analysis.
Despite the abundance of data available, it’s not difficult to find your way around the platform. The interface is easy to learnand the information is presented in a clear, easy-to-understand way.
The navigation takes place using the tabs which appear on the right-hand side of your screen (1). Once you’ve chosen the category you’re interested in, you can select sub-categories using the buttons, which are highlighted in blue when active (2). Numerous options can be modified by clicking on the drop-down menus located at various points (3).
About graphicsYou can select the information you wish to be displayed. They can be superimposed or displayed one by one. Select them using the blue buttons (4). You can choose to overlay the data, or display them one by one.
To find out the exact figures (5) at a given moment, move the cursor (6) with your mouse. Use the scroll wheel and click and drag to change the time scale (7).
About the paintingsYou can also select the data you’re interested in (8). If your screen isn’t big enough to see everything, move around the table using the « left » and « right » arrows on your keyboard.
You can sort the results in ascending or descending order for columns with the double arrow (9). If an arrow (10) appears in a row, this means that the row contains several sub-entities.
The list of proposed data
It’s difficult to make a complete list of the data available on DeFiLlama, so numerous are they. However, we can group them into different categories:
- Market data This includes total value locked-in (TVL), transaction volume, protocol fees and revenues, number of users and transactions, incoming and outgoing capital… It is also possible to find out where tokens are used, or to show the distribution of protocol cash flow.
- Technical data You can find out how many smart contracts have been deployed, which programming languages are used, which protocols are forks, which oracles the protocols use, which blockchains the applications are deployed on, which audits the platforms have passed…
- Yield (passive revenues) DeFiLlama lists the various offerings on the market, with the option of classifying them by token, blockchain, pool type and position.
- NFT Overview of NFT buying and selling platforms, with collections ranked according to various criteria.
- Bridge Bridge overview and list of supported blockchains.
- Project pages For each project, DeFiLlama offers a complete summary including the market and technical data presented above, as well as a description of the project and a listing of its competitors.
- Miscellaneous list of platforms without tokens likely to airdrop, list of DAOs and their governance, list of most active investors, list of hacks, token unlocks calendar, possible liquidation amounts, CEX transparency ranking…
DEX aggregator aggregator
Released in January 2023, the « Meta DEX Aggregator »… was an immediate success. Renamed » Llamaswap « recently, this tool compares data from decentralized exchange platform comparators to propose the best possible swap options.
It currently supports 23 blockchain and is 100% free.
Simply choose a blockchain (1) and the tokens you want to trade (2), and all the platforms for doing so will appear, sorted by price (3). Once you’ve decided on the offer you want to use, you can validate the transaction using your wallet (type Metamask)
If you’re an airdrop hunter, you can use Llamaswap without any problems. Your exchanges will be taken into account in the same way as if you were making them directly on the underlying platforms.
The loan aggregator
Like Llamaswap, the borrowing protocol aggregator compares offers available on all market platforms.
After entering the token you want to borrow and the token you want to deposit as collateral, DeFiLlama displays the platforms that allow you to do so, ranked by cost.
The screenshot above shows the basic version. An advanced version is also available with more modifiable parameters.
In conclusion
DeFiLlama is a invaluable tool for all DeFi enthusiasts. Easy to use, free and completethere’s no reason to miss out!
With its ambition to become (or remain?) the DeFi repository, it integrates ever more protocols, blockchains and functionalities. If you can’t find what you need today, chances are you won’t be able to tomorrow.
Llama Corp’s other products are also interesting. For example, you can use their nodes to set your wallet’s RPCs, or install their browser extension to help you navigate the DeFi.
If you’ve enjoyed this article and would like to discover other DeFi tools, please visit our other articles in this series. And if you’ve already read them all, we’ll see you next week for the next one.