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Everything you need to know about DefiLlama

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What is Defi Llama?

DefiLlama is a DeFi data analytics platform that includes TVL (Total Value Locked) and APY (Annual Percentage Yield) data across all levels (L1 and L2) of blockchains. In simple terms, DefiLlama is a blockchain data aggregator platform that breaks down crypto data from various crypto projects such as decentralized exchanges (DEXs), lending platforms, liquidity staking protocols, etc. into graphs, charts, and tables to make it easy for developers, investors, and general users to understand. As an open-source public platform, we have a transparent methodology for data collection.

DeFi Llama aims to make the world of decentralized finance open and transparent, making it easy for people to access all the important information in the DeFi market.

To understand it better, let us elaborate on the terms TVL and APY.

What is Total Value Locked (TVL)?

Total locked value refers to the total assets or cryptocurrencies locked in a DeFi project and is expressed in USD, ETH, or project tokens. The higher the TVL, the more money is deposited in a DeFi protocol, which is generally considered a sign of a healthy DeFi ecosystem.

What is Annual Percentage Yield (APY)?

Annualized Yield refers to the annual rate of return on any cryptocurrency investment. DeFi platforms show the potential return on cryptocurrency deposits. This metric helps users compare the profitability of different DeFi protocols.

Main features of DeFi Llama

Key features of DeFi Lllama include:

Comprehensive Data

DeFi Llama collects data on various DeFi projects and systematically provides users with all kinds of information, including trading volumes, token prices, liquidity pools, stablecoin markets, and more.

User-friendly interface

DeFi Llama offers a simple, smooth, and user-friendly interface that is accessible to beginners and experienced DeFi users alike. Users can scroll through the interface, compare the performance of different crypto projects, and gain insights to make intelligent decisions.

Historical Data

DeFi Llama not only displays current data, but also stores all historical data for the DeFi projects it includes. Users can use this historical data to explore trends, gain insight into patterns, and make data-driven decisions.

Multi-Chain Tracking

DeFi Llama tracks DeFi activity across numerous blockchain networks, regardless of popularity, providing a comprehensive overview of project performance and allowing you to compare metrics across different blockchain networks.

Community Engagement

DeFi Llama maintains an engaging environment among its users through social media feeds, discussion forums, and governance data, which allow people to actively participate in DeFi Llama and stay updated on various activities.

Comparative Analysis

DeFi Llama allows users to compare and easily interpret trends of different projects based on various factors such as fees, TVL, revenue, active users, etc. across different blockchains in the form of charts and graphs.

Accurate and realistic

When it comes to leading DeFi data analytics provider platforms, DeFi Llama comes out on top. Not only does it display the most up-to-date and accurate information, it also maintains transparency with its users by citing all sources.

DeFi Llama Use Cases

Examples of use cases for DeFi Llama include:

For Investors and Traders

DeFi Llama provides a 360-degree overview of the total volume locked (TVL) of various DeFi projects and provides insights into current trends, allowing traders and investors to identify investment opportunities with potential for growth and support.

For Newcomers

With a user-friendly dashboard and an engaging environment, DeFi Llama provides the ultimate platform for newcomers to the world of DeFi, acting as a guide and helping new users get a better understanding of prominent DeFi projects and their market trends.

For analysts and journalists

DeFi Llama’s charts, graphs, detailed reports, articles, and insights are valuable to analysts and journalists who need accurate, up-to-date information. DeFi Llama maintains transparency by referencing all sources, making its data and information more reliable and earning people’s trust.

For DeFi project teams

DeFi project teams can use DeFi Llama to track their crypto project’s performance, growth, popularity, and areas of improvement. They can understand their project’s highs and lows and compare them to other DeFi projects. Teams can then analyze the analytics they collect to build intelligent future strategies, development goals, and more.

New additions to DeFi Llama

Thus, sites like DeFi Llama present information based on facts and data, rather than biased views on a single project. As public excitement around cryptocurrencies and decentralized finance grows, platforms like this could become the go-to place for investors, traders, and businesses.

Apart from DeFi Llama, there are several other DeFi analytics platforms that the public can use to gain insights into decentralized finance market trends and more, including CoinMarketCap, CoinGecko, DappRader, DeFi Pulse, and EtherScan.io.

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