DefiLlama is a free online tool that shows data about DeFi (Decentralized Finance) in an easy-to-understand way. It's the biggest tracker of how much money is in DeFi projects (known as TVL or Total Value Locked).
What is DefiLlama
Here's how it works:
- Simple and Free: You can see charts and tables about DeFi without paying or signing up.
- Lots of Data: It tracks lots of DeFi projects on different blockchains, not just Ethereum.
- Detailed Analysis: DefiLlama breaks down info about each DeFi project so you can understand how they work and perform.
- Various Features: It has many useful tools like Yield Monitoring (to compare profits from different projects), Token Swap (for trading tokens), and more.
In summary, DefiLlama is a handy website for anyone who wants to learn about DeFi, find the best projects, or see where the money is going in the crypto world.
Team of DefiLlama
0xngmi
Founder
0xngmi - Founder of DefiLlama, LlamaPay and LlamaLend
Funding of DefiLlama
Undisclosed
Total Funds Raised
DeFiLlama operates using its own funds without external funding and relies on Gitcoin grants and donations. You can donate to them directly from the DeFiLlama page.
DefiLlama review
Pros
Multi-Blockchain Insights
DeFiLlama offers comprehensive data across various blockchains, providing a more extensive perspective than single-chain platforms.
In-depth Metrics
Supplies detailed analytics on DeFi projects, aiding in thorough understanding of each protocol.
Community-Driven Model
Encourages user participation in data contribution and validation, promoting a collaborative atmosphere.
Segmented Data
Categorizes DeFi projects by function, easing analysis and comparisons between them.
Functional Insight
Enables deeper analysis of specific DeFi sectors like DEXes or lending platforms.
Cons
Data Overwhelm
The vast amount of information may be daunting for beginners, requiring time to navigate.
External Contribution Reliance
DeFiLlama's scalability could be challenged, depending on outside data contributions and development.
Financial Stability
Reliant on donations and grants, the platform operates on the founder's resources, posing long-term financial sustainability concerns.
Opportunities
AirdropMainnet
Minimal cost: ~15 USD
DefiLlama
Use the DefiLlama DEX aggregator to be eligible for any potential rewards!