What is DefiLlama? DefiLlama is the largest multi-chain DeFi dashboard in the world, collecting data from thousands of applications and hundreds of different blockchains. Let's take a closer look.
What is Defi Llama?
DefiLlama is the largest DeFi information aggregator in Crypto. The platform is completely open-source, is maintained by a group of enthusiastic people from all around the world, and tracks all of the top Layer 1 and Layer 2 blockchains. Real-time market research, insights into Defi products and services, and access to community resources including TVL data, a Meta-DEX Aggregator, Yield Aggregator, and much more are all available through DefiLlama.
What Blockchains does DefiLlama track?
Currently, over 135 different Layer 1 and Layer 2 blockchains, both EVM and non-EVM compatible, are tracked by the DeFiLlama Chains dashboard. 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.
What DeFi Apps does DefiLlama Support?
On its 135+ listed blockchains, DeFiLlama also keeps track of thousands of various Decentralized Finance (DeFi) applications. They take pride in providing metrics that the community would deem beneficial to the sector while still being inclusive and unbiased. That being said, the list processes are pretty loose and they have sometimes listed projects that have rug-pulled.
The fact that the TVL is segmented according to the specific application deployment is the best feature of DeFiLlama's application tracking dashboard. For example, Curve Finance is deployed on Ethereum, Polygon, Gnosis, Arbitrum, and other 5 networks. The DeFiLlama dashboard breaks the TVL inform down into one easy-to-understand chart and table.
What is DefiLlama? What Blockchains does DefiLlama track? - Hopefully, this article can help you to get some knowledge.
