DeFiLlama Feature Exploration: A Powerful Tool for DeFi Data Analysis

DeFiLlama is a powerful DeFi data analysis tool that provides a wealth of features to explore the decentralized finance ecosystem. This article will comprehensively introduce the main features of DeFiLlama to help you better utilize this tool for DeFi data analysis.

Decentralized Finance Overview

The DeFi overview page of DeFiLlama provides a macro perspective of the entire DeFi ecosystem:

• Display the total locked value of the entire Decentralized Finance ecosystem ( TVL )
• Rank protocols by TVL
• Can be sorted and filtered by public chain

It is worth noting that Lido has become the number one in TVL after the Ethereum merger, with 99.2% of its TVL coming from ETH.

Public Chain Data

The public chain data page provides a comparison of DeFi data from various blockchains:

• Sort by indicators such as TVL, number of protocols, change amount, and number of stablecoins.
• You can categorize and view EVM, non-EVM, layer 2 networks, Cosmos ecosystem, parallel chains, etc.
• The changes in TVL over the past 7 days/1 month are worth paying attention to, as they may reflect the launch of new projects.
• The number of stablecoins can serve as an important indicator for measuring the development of public chain Decentralized Finance.

Airdrop Tracking

The airdrop page sorts DeFi protocols that have not yet issued tokens by financing time, which has some reference value for finding potential airdrops, but updates are slow. It is recommended to consider the project's launch time comprehensively.

Project Treasury

The treasury page sorts each protocol by the total amount of the treasury and displays the proportion of each token in the treasury.

• The scale of the treasury is not equivalent to the speed of development.
• Holding a large amount of one's own tokens means a small market circulation or that the DAO could become the largest seller.
• The high proportion of non-stablecoins in the treasury may pose risks.

Oracle Data

Sort various oracle services by total value secured ( TVS ):

• Display the protocol status of various oracle services
• Chainlink is the absolute leader in the field.
• However, this data does not equate to the actual usage frequency and contains a certain degree of ambiguity.

Protocol Fork

Show the most copied DeFi protocols:

• The ones that are widely copied are mostly leading projects.
• Developers can find new opportunities from it.
• It is recommended to conduct detailed research on these projects.

Leading Protocols of Various Public Chains

Showcase leading projects in different DeFi segments across various public chains:

• Covering multiple areas such as liquid staking, CDP, DEX, lending, yield aggregation, etc.
• Major projects in the public chain ecosystem are developing in a multi-chain manner.
• The services missing in small/emerging ecosystems may become opportunities.

Protocol Comparison

Support selecting multiple protocols to compare TVL trends on the timeline:

• Suitable for comparing competing projects in the same track
• It is recommended to expand the comparison dimensions, such as income, user numbers, fully diluted valuation, etc.

Token Usage

Check the usage of specific tokens in Decentralized Finance:

• The data comes from the blockchain, but it is not complete.
• Only projects listed by DeFiLlama are displayed.
• You can discover some interesting data, such as the extensive use of USDT in certain projects.

Decentralized Finance 类别

Show the number of projects and TVL for 31 subcategories of Decentralized Finance:

• Categories with fewer protocols include: privacy, oracle, leverage farming, unsecured lending, exotic options, real asset lending, etc.
• The last four categories may present some potential opportunities.

New Projects

Showcasing the projects recently included by DeFiLlama:

• Note that "recently" refers to the inclusion time, not the mainnet launch time.
• There is a certain lag.

Programming Language Statistics

Show the usage of different programming languages in Decentralized Finance projects:

• Compare different languages by TVL
• Show the ratio of open source/non-open source projects in the Solana ecosystem
• More detailed developer data can be referenced in Electric Capital's report.

Yield Pool Data

Display detailed data of each liquidity pool:

• Includes 59 on-chain protocols with 5327 liquidity pools
• Sorted by TVL
• BTC, ETH and stablecoin pools rank among the top
• GMX's GLP and GMX token pools also rank among the top.

Delta Neutral Strategy

Automatically match Delta neutral strategies for selected collateral assets:

• Calculate the overall return of each strategy component
• Currently, there are fewer tracked pools, for reference only.

Long and Short Strategies

Show the Delta neutral "long-short" strategy of specific tokens in all tracked mining pools and centralized exchange perpetual contract markets:

• Consider the funding rates of centralized exchanges and Decentralized Finance yields.
• Calculate annualized strategy returns
• The currently cooperating centralized platform is OKX.

Leverage Lending

Display the cyclical APY, supply APY, LTV, and other data for different leveraged lending projects:

• Included 23 on-chain protocols with 291 pools.
• There are many projects on the BNB Chain, and the circulating APY is generally high.

Lending Data

Ranking based on the revenue, LTV, supply, and usage of the lending projects:

• Includes 777 liquidity pools from 291 protocols across 23 chains.

Revenue Overview

Search for the yield data of a single cryptocurrency:

• Display median APY and distribution
• View the specific APY of a certain cryptocurrency in different projects/pools.
• Provide visualized APY data comparison
• Suitable for staking data analysis reports

Stablecoin Yield Pool

Display detailed data of liquidity pools for each stablecoin:

• Included 422 pools from 275 protocols across 59 blockchains
• Display TVL, base APY, reward APY, 30-day average APY, etc.
• High APY often relies on project token rewards and subsidies.
• Stablecoin pools worth noting have also begun to appear on layer two networks.

Halal Pool

Track DeFi pools that are considered relatively simple and safe:

• Covers 5273 pools across 36 protocols on 59 chains.
• Including simple exchange DEX, single coin mining, liquidity staking, cross-chain LP, etc.
• The TVL of the DAI-USDC pool of Arrakis Finance has reached $280 million, and the token has not yet been issued.

Cross-Protocol Swap Aggregator

By aggregating multiple DEX aggregators, provide the optimal trading path:

• Calculate transaction results and various cost fees
• Support custom slippage
• Some aggregators offer discounts; you can check the path first and then enjoy the discounts on the corresponding platform.

Lending Aggregator

Enter collateral and loan assets, compare all lending protocols:

• Calculate the cost of each borrowing method
• Consider incentives, supply APR, and borrowing APR
• Provide a list of all possible lending options, costs, and LTV.

Transparency of Centralized Exchanges

Show the asset flow situation of centralized exchanges:

• Display data such as capital inflow, outflow, and net assets.
• Currently, OKX has a net inflow of $240 million within a month, while Binance has a net outflow of $2.07 billion.
• The net outflow of funds from the TOP5 exchanges did not all flow into other exchanges, with approximately $1.5 billion likely remaining on-chain.
• Exchanges with net inflows during a bear market are worth paying attention to.

Clearing Data

Show the settlement situation of various public chains and protocols:

• Check total liquidation amount
• Simulated liquidation situation with a market decline of 20%
• Show the liquidation prices of the 100 largest positions
• The highest settlement price for ETH/USD is $1088, the 12th and 15th positions are approximately $1290, and the 18th position is $1547.

Trading Volume Data

Provide DEX trading volume rankings:

• Sort by daily/weekly/monthly trading volume
• Display trading volume, changes, TVL, market share, etc. classified by public chain
• Options trading volume ranking ( data is flawed )

In the options market, Lyra accounts for over 56% of the reported data, holding an absolute leading position.

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