DeFi Llama: Access DeFi datas across multiple chains
Hello HODLers and farmers,
Today I am going to talk about DeFi Llama, a platform that you can leverage to discover a lot of DeFi projects on different chains.
I heard about it in the weekly @leofinance AMA, thank you @nealmcspadden for the shout-out.
What is great is that you can compare them (chains, dexes, assets, lending, insurance, options...) and therefore you can see which ones are gaining/losing momentum !
Different filters to rank projects/chains
Asset TVL ranking
As an example, here are the biggest assets TVL ranking
We can therefore see that there is a gap between the top >$1bn and the rest sitting at a few dozens of millions.
Total Value locked (TVL) by chain
Very interesting to see chains with momentum and the different projects on each one of them
As an example, I know very little about Klaytn and Celo blockchains. I might do some reading about it when I get a few hours.
Ethereum is still the DeFi King but...
As shown in the graph below, Ethereum DeFi still represents 70% of the total DeFi TVL but it was representing at 97% back in February 2021.
Most of the market share has been taken by Binance (10.5%), Solana (6.53%) and Terra (4.87%).
I would say that as of today, Binance Smart Chain is the only DeFi success story as it hold still a large TVL while Polygon which was seen as a serious ETH contender is aiming lower.
Let's see if Solana and Terra manage to keep their momentum.
Finally, EOS ($122mn TVL) and TRON ($550mn TVL) did have their DeFi summer moments but are clearly not even in the race anymore.
I was using Defipulse.com for Ethereum and Defistation.io for Binance Smart Chain but I will clearly use more this one.
On another topic, I also saw on twitter @notak already submitted CubFinance to be listed in the Binance DeFi ecosystem :D. Thank you!
In any case, stay safe out there !
Latest Analysis
Posted Using LeoFinance Beta
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
This is pretty awesome. Thanks for sharing! I'm bookmarking it now.
Posted Using LeoFinance Beta
Excellent information regarding DeFi, I didn't know Tron had surpassed EOS. I love to see both Solana and Terra on this list
So DeFi Llama is a search engine for DeFi-- very useful, for sure.
Thank you for publishing this post and explaining key features of DeFi Llama. It will be useful for people new to DeFi so they can get a better understanding of what's out there.
It's too late for me to upvote this post, so please accept this slice of !PIZZA instead.
Posted Using LeoFinance Beta
Thank you for this kind comment and O always enjoy a slice of pizza 🍕 ! Thanks 🙏
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