What is DefiLlama? #
DefiLlama is a multi-chain TVL stats dashboard, where data connectors are contributed and maintained by a community. It is a website that shows the current price levels of decentralized finance (DeFi) cryptocurrencies.
As a website that shows the current price levels of DeFi cryptocurrencies, in 2021, more than 800 crypto and DeFi Protocols were recorded on DefiLlama, along with the native blockchains they use.
Changes in price within the last day and week, as well as the total locked value (TVL), which is the total amount of assets staking. DefiLlama states that it is committed to accurate data without ads or sponsored content and transparency. It lists DeFi projects from all chains. It is the responsibility of respective communities to contribute and maintain DefiLlama’s adapters, with all changes coordinated through the DefiLlama/DefiLlama-Adapters Github repository.
Calling some endpoints or making a few blockchain calls to collect data on a protocol. This function calculates a protocol’s TVL. The SDK currently only supports EVM chains, so if your project is on any of these chains, you should develop an SDK adapter, whereas if your project is on another chain, a fetch adapter is the best option. With its adapter, you can get the token balances from your protocol’s smart contracts at a particular time based on a timestamp and block-height (on Ethereum).
DefiLlama is meant to work with the following users and organization types: Mid Size Business, Small Business, Enterprise, Freelance, Nonprofit, and Government. The platform even offers to invite new clients into its website.
DefiLlama integrates with many blockchains, protocols and decentralized services such as:
- Aave
- Arbitrum
- Avalanche
- Binance Smart Chain (BSC)
- Celo
- CoinGecko
- Ethereum
- Fantom
- Fuse
- Harmony
- Instadapp
- Polygon (Matic)
- Solana
- SushiSwap
- Terra
- Uniswap.
One Great features that DeFiLlama offers is to measure an entire market within each protocol. In the image above, we can see all NFT Markets in the chart with Opensea dominating all of its other competitors.
This goes not just for NFTs but for any DeFi project that is enlisted in DeFiLlama.
Conclusion: #
DeFiLlama is and still is becoming one of the best aggregators focused on measuring the Total-Value Locked (TVL) within each DeFi Protocol. We believe that DeFiLlama is one of the most essential and trusted tools on the web to follow through with each DeFi protocol. By utilizing their tools, you know which protocols and blockchains are becoming popular and how they handle on the rankings.
