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What is DeFiLlama?

What is DeFiLlama?

Adrian Graham
Fact Checked
Nov 27, 2022

DefiLlama is the world's largest multi-chain DeFi dashboard that aggregates data from hundreds of different blockchains and thousands of different applications. The DefiLlama DeFi dashboard is commonly used to track Total Value Locked (TVL) of various Layer 1 and Layer 2 protocols across the digital asset ecosystem.

The project was founded by @0xngmi on Twitter, who is an anonymous developer and open-source contributor to the Ethereum ecosystem. The DefiLlama API also enables other builders to retrieve all of the data collected by the team in a completely free and transparent manner.

Table of Contents

Platform Highlights

  • Free to use with open-source and transparent APIs.
  • Track 130+ Layer 1 & Layer 2 networks total value locked (TVL).
  • Compare Stablecoin Yields, find new Airdrops and many more products.

What Blockchains does DeFiLlama track?

The DeFiLlama Chains dashboard currently tracks over 135 different Layer 1 and Layer 2 blockchains that are EVM and non-EVM compatible. This includes popular networks like Ethereum, Solana, Avalanche, Polygon, Optimism, Cronos, METIS, Dogechain and many others.

The key metric DefiLlama tracks for blockchains is the Total Value Locked (TVL), which means the amount of value that is locked or deposited onto the network. The platform also tracks the 1-day, 7-day and 1-month changes so investors can get a better understanding of flows between networks.

Defillama Chains
DeFiLlama Chains: Track over 135 Crypto Networks.

What DeFi Apps does DeFiLlama Support?

DeFiLlama also tracks thousands of different Decentralized Finance (DeFi) applications on its 135+ listed blockchains. They pride themselves on being inclusive and non-biased to deliver metrics that the community would think benefits the industry. That being said, the listing processes are pretty loose and they have sometimes listed projects that have rug-pulled.

The best part about DeFiLlama's application tracking dashboard is that it segments the TVL based on the particular deployment of the application. For example, Curve Finance is deployed on Ethereum, Polygon, Gnosis, Arbitrum and other 5 networks. The DeFiLlama dashboard breaks the TVL  information down in one easy-to-understand chart and table.

Curve Finance Defillama
Curve Finance: Multi-Chain TVL breakdown.

DeFiLlama Airdrops

One interesting new feature on their platform is DeFiLlama Airdrops. This page aggregates all cryptocurrency projects and tokens that are rumoured to have an upcoming airdrop on 130 different networks. Users can sift through the DeFiLlama Airdrop dashboard to use applications and potentially earn thousands in revenue from airdrop payouts.

DeFiLlama Yield Aggregator

One of the best and most popular features of the DefiLlama platform is their yield aggregator. This feature allows users to scan all of the available yield opportunities for any token on any network. This enables investors to quickly scan all blockchains to find the best liquidity pool, money market or other opportunity to earn yield on their investment

Defillama Yield Aggregator.

DeFiLlama Founder - 0xngmi

The DeFiLlama founder 0xngmi is an anonymous developer with an active Twitter channel. He regularly posts updates about new features that he is thinking about and requests user feedback. Outside of DeFiLlama, 0xngmi has also built a platform called Llamapay which allows DeFi users to stream payments in real-time with USDC, USDT and ETH.

Is DeFiLlama Data Reliable?

Yes, the data from DeFiLlama is reliable because it is taken directly from open and permissionless protocols on the blockchain. This means that users can independently verify information provided by DefiLlama through the specific chain to test the information. Since being founded, there have been no complaints or accusations toward DeFiLlama for lack of credibility.

Final Thoughts

Overall, Defillama is the best one-stop-shop for all things Decentralized Finance (DeFi). It is the most popular free analytics tool that allows users to gain insights to valuable information such as the relative growth, or decline, in Total Value Locked of a Layer 1 network, Layer 2 network or a DeFi application.

The platform is also a popular aggregator for yield farmers to research opportunities cross-chain to find the best protocol to deploy their assets and find safe opportunities to earn interest on their tokens.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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