This new platform is reforming the landscape of decentralized finance (DeFi). Currently the biggest analytics platform focused on multi-chain defi platforms.
Decentralized Finance or DeFi seeks to create an open-source, permissionless, and transparent financial service ecosystem. Here, the platform in question comes into play as an essential component for offering data following and analytics.
DefiLlama brings together data from multiple DeFi platforms and delivers it in an easy-to-use and comprehend format. The aim is to provide users with accurate and up-to-date data, enabling them to make well-informed decisions.
Notably, DefiLlama offers a multi-chain view of the DeFi landscape - from Avalanche to Ethereum, from copyright Smart Chain to Polygon. It assists in exhibiting a comprehensive picture of market value locked (TVL) across different chains and projects.
DeFi experts consider DefiLlama a reliable source for news. The platform's commitment to transparency is apparent in its open-source approach, which nullifies the possibility of data manipulation.
Moreover, DefiLlama also offers functionalities to DefiLlama enthusiasts, such as browsing through different filters like platform, chain, and category. Besides, one can dial down into specific project details to gain a profound understanding.
One of the most impressive features about DefiLlama is its ability to provide a TVL calculation for each project. This calculation gives detailed insights into the condition of wealth of a particular project, hence assisting stakeholders in making informed decisions.
To sum up, DefiLlama has emerged as a crucial tool in the rapidly expanding DeFi landscape. Its in-depth analytics and simplified user interface make it a go-to platform for newbies and experts alike. It continues to change the DeFi analytics space with its advanced features, setting the benchmark for upcoming DeFi platforms.