What is DefiLIama? A guide to using the number 1 DeFi analysis tool on the market

In the volatile world of DeFi, tracking cash flow, TVL, revenue, or on-chain data of protocols is extremely important. DefiLlama was born as a comprehensive analysis tool, helping users easily access and evaluate the DeFi market on many different blockchains, all integrated into a single platform. So what is DefiLlama? Join Allinstation to learn how to use DefiLlama to become a smart DeFi investor!

About DefiLlama

DefiLlama is an open-source DeFi data analytics platform that provides insights into decentralized finance protocols across multiple blockchains. With over 3,000 protocols, 242 Layer 1 and Layer 2 blockchains, and nearly 11,000 pools tracked, DefiLlama has become an indispensable tool for investors and developers in the DeFi space.

The platform provides detailed information on TVL (Total Value Locked), revenue, marketcap, daily transaction fees, and many other important data. DefiLlama is designed to simplify access and understanding of onchain information, making it easy for users to monitor and analyze the DeFi market.

Why use DefiLlama?

• Comprehensive Data: Provides information on TVL (Total Value Locked), revenue, transaction fees, market capitalization and many other important metrics.
• User-friendly interface: Intuitive design, easy to use for both beginners and experts.
• Free and Ad-Free: Committed to providing accurate data without sponsored content or advertising.
• Continuously updated: Data is updated in real-time, ensuring users always have the latest information.

DefiLlama User Guide

After accessing the DefiLlama website, users will see an interface consisting of two main parts:

1. Overview : Displays important information such as TVL, 24h trading volume of the entire DeFi market and top protocols.
2. Detailed Sections : Includes sections such as DeFi, Yields, NFTs, etc. providing detailed information on different segments of the DeFi market.

Key Features

Overview

• Introduction: This feature provides an overview of the entire DeFi market. This is where you can track TVL, 24-hour TVL change, protocol dominance, and TVL ranking of top protocols.
• How it works: By collecting data from blockchains, DefiLlama displays this information in an intuitive and easy-to-understand way. TVL is calculated by the total value of assets locked in smart contracts.
• How to use: When you access the Overview page, you will see information about TVL, 24h TVL change, dominance rate, and TVL ranking of protocols. You can filter information by specific chains for a more detailed view.

Chains

• Introduction: This feature displays TVL information between different blockchains. You can view the current TVL ratio, TVL growth from past to present, and other details such as the number of protocols, active wallet addresses, stablecoin capitalization, 24h trading volume of each chain.
• How it works: Through pie charts and line charts, DefiLlama provides a visual look at the distribution of TVL across blockchains and how it changes over time.
• How to use: When you select a specific blockchain, you will see more detailed information about that chain such as stablecoin capitalization, transaction fees, transaction volume, and number of active users in the last 24 hours.

Compare Chains

• Introduction: This feature allows you to compare TVL between two or more different blockchains from past to present, helping you evaluate the development efficiency of blockchains.
• How it works: DefiLlama collects and compares TVL data of blockchains, displaying the results in the form of visual charts.
• How to use: Select the blockchains you want to compare, and DefiLlama will display a TVL comparison chart, making it easy to see the differences and development efficiency between blockchains.

Airdrops

• Introduction: Airdrop is the act of rewarding users with tokens through using products or participating in campaigns from the project. This feature helps you find airdrop opportunities from projects that do not have tokens yet.
• How it works: DefiLlama continuously updates the list of projects that do not have tokens yet, providing detailed information so users can participate in the airdrop.
• How to use: Follow the list of projects that do not have tokens yet, choose the project you are interested in and participate in airdrop campaigns for a chance to receive tokens.

Treasures

• Introduction: This feature provides detailed information about assets held in the Treasury of DeFi protocols, including stablecoins, BTC, ETH, governance tokens, and other altcoins.
• How it works: DefiLlama collects and displays information about assets in the protocols' Treasury, sorted from high to low.
• How to use: View a list of protocols and asset details in the Treasury, giving you a better understanding of each protocol's holdings.

Oracles

• Introduction: Oracles are an integral part of the DeFi ecosystem, providing data to smart contracts. This feature compiles the value of assets provided by Oracles.
• How it works: DefiLlama collects data from Oracles projects, showing current and past asset supply rates.
• How to use: Follow the charts and rankings to know the order and value of assets provided by the Oracles.

Forks

• Introduction: This feature displays the value of forked projects from an original project such as Uniswap v2, Compound, AAVE.
• How it works: DefiLlama collects data on forked projects, displays asset ratios and the order of the most forked projects.
• How to use: View charts and rankings to see asset values and number of forked projects from original projects.

Top Protocols

• Introduction: This is an overview of the leading projects in different areas of DeFi, arranged in order from largest to smallest blockchains.
• How it works: DefiLlama collects and displays data on top projects in each niche.
• How to use: View a list and details of top projects in each niche, helping you stay on top of the most prominent projects.

Comparison

• Introduction: This feature is similar to Compare Chains, but for comparing between different protocols.
• How it works: DefiLlama collects and compares TVL data of protocols, displaying the results in the form of visual charts.
• How to use: Select the protocols you want to compare, and DefiLlama will display a TVL comparison chart, making it easy to see the differences and development efficiency between protocols.

Protocol Expenses

• Introduction: This feature helps you see the annual operating costs of DeFi protocols.
• How it works: DefiLlama collects and displays information about the operating costs of protocols, giving you a better understanding of the operating costs of each protocol.
• How to use: View a list and detailed information about the operating costs of protocols, helping you evaluate the capital efficiency of these protocols.

Token Usage

• Introduction: This feature allows you to select and see which protocols a certain token is used in.
• How it works: DefiLlama collects data on token usage in protocols, displaying detailed information on the quantity and value of tokens used.
• How to use: Select the token you want to view, and DefiLlama will display the protocols that use that token the most, giving you a better understanding of the token's popularity and application.

Categories

• Introduction: This feature provides information about TVL and number of projects of different sectors in the DeFi market.
• How it works: DefiLlama collects and displays data on different areas of DeFi, giving you an overview of each area.
• How to use: View a list of different segments and detailed information about TVL and number of projects in each segment, helping you evaluate the growth of each segment.

Recent

• Introduction: This feature displays projects recently listed on DefiLlama.
• How it works: DefiLlama constantly updates its list of new projects, helping you stay up to date with the latest projects on the market.
• How to use: View a list of newly listed projects, helping you quickly update information about new projects.

Languages

• Introduction: This feature shows the dominance of programming languages in DeFi, such as TVL, TVL Dominance, and the percentage of open or closed source projects on Solana.
• How it works: DefiLlama collects and displays data about programming languages used in DeFi projects, giving you a better understanding of the popularity and application of each language.
• How to use: View a list and detailed information about programming languages in DeFi, helping you grasp the development trends of these languages.

Yields Section

Pools

• Introduction: Pools, also known as Liquidity Pools, are smart contracts that users deposit assets into to provide liquidity. This feature allows you to find insights from the largest liquidity pools in the market, including APY, TVL, and average APY.
• How it works: DefiLlama collects and displays data about liquidity pools, helping you evaluate the effectiveness of your liquidity provision.
• How to use: View the list of liquidity pools and detailed information about APY, TVL, average APY, helping you make effective investment decisions in pools

Leveraged Lending

• Introduction: This feature provides information about lending platforms that use leverage, allowing users to earn multiple times more profit with just a small initial capital. –
• How it works: DefiLlama collects and displays data about lending platforms that use leverage, helping you evaluate the risks and returns of these platforms.
• How to use: See a list of lending platforms that use leverage and detailed information about their returns, helping you make decisions about investing in these platforms.

Borrow

• Introduction: This feature displays the total TVL of active projects in the Borrow array and other parameters such as LTV, Supplied, Borrowed.
• How it works: DefiLlama collects and displays data about Borrow projects, giving you a better understanding of their scale and performance.
• How to use: View a list of Borrow projects and detailed information about TVL, LTV, Supplied, Borrowed, helping you evaluate the effectiveness of these projects.

Overview

• Introduction: This is an overview of the APY of protocols in the DeFi market, as well as daily increases and decreases.
• How it works: DefiLlama collects and displays data on the APY of protocols, helping you track the volatility and performance of these protocols.
• How to use: View an APY overview and daily gain and loss details, helping you evaluate the efficiency of protocols.

Stablecoin Pools

• Introduction: This feature ranks the largest stablecoin liquidity pools in the market, providing information such as TVL, APY, Base APY and Reward APY.
• How it works: DefiLlama collects and displays data on stablecoin liquidity pools, helping you evaluate the effectiveness of stablecoin liquidity provision.
• How to use: View the list of stablecoin liquidity pools and detailed information about TVL, APY, Base APY, Reward APY, helping you make effective pool investment decisions.

Projects

• Introduction: This feature lists Yield Farming platforms along with their TVL.
• How it works: DefiLlama collects and displays data about Yield Farming platforms, giving you a better understanding of their scale and efficiency.
• How to use: View a list of Yield Farming platforms and detailed TVL information, helping you evaluate the effectiveness of these platforms.

NFTs Category

Collections

• Introduction: This feature ranks NFT collections across the market, providing information such as floor price, trading volume, total supply, and number of NFTs being sold.
• How it works: DefiLlama collects and displays data about NFT collections, helping you assess their value and popularity.
• How to use: View a list of NFT collections and detailed information about floor price, trading volume, total supply, helping you make investment decisions on potential NFT collections.

Marketplaces

• Introduction: This feature provides information about NFT exchanges, including trading volume, number of users, and market share of each exchange.
• How it works: DefiLlama collects and displays data about NFT exchanges, giving you a better understanding of their popularity and performance.
• How to use: View a list of NFT exchanges and detailed information on trading volume, number of users, and market share, helping you evaluate the effectiveness of NFT exchanges.

Earnings

• Introduction: This feature shows the amount of money projects have generated from NFT issuance and royalty fees.
• How it works: DefiLlama collects and displays data on mint and royalty revenue from NFT collections.
• How to use: View a list of NFT collections and detailed information on mint and royalty revenue, helping you evaluate the value and performance of NFT collections.

Unlocks Section

• Introduction: This feature displays the token release schedule of projects, helping users track detailed token unlock schedules.
• How it works: DefiLlama collects and displays information about projects' token release schedules, helping users better understand the token release roadmap.
• How to use: View a list of projects and detailed information about token payment schedules, helping you make investment decisions in potential projects

Borrow Aggregator

• Introduction: This feature allows you to filter projects that support lending and borrowing of a certain token.
• How it works: DefiLlama collects and displays data about lending and borrowing projects, helping you find projects that suit your needs.
• How to use: Select the token you want to lend or borrow, and DefiLlama will display projects that support this activity, helping you make effective investment decisions.

CEX Transparency Headings

• Introduction: This feature provides information about the assets held by centralized exchanges and the inflows and outflows of users over a certain period of time.
• How it works: DefiLlama collects and displays data on assets and cash flows of centralized exchanges, giving you a better understanding of the transparency and reliability of these exchanges.
• How to use: View a list of exchanges and detailed information about assets and cash flows, helping you evaluate the transparency and reliability of centralized exchanges.

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Bridges

Overview

• Introduction: This feature displays the trading volume and transaction count of bridges in the DeFi market over a certain period of time.
• How it works: DefiLlama collects and displays data about bridges, giving you a better understanding of how they work and perform.
• How to use: View a list of bridges and detailed information on transaction volume and number of transactions, helping you evaluate the effectiveness of bridges in the DeFi market.

Chains

• Introduction: This feature displays the volume of assets transferred in and out of blockchains via bridges, including indicators such as Deposits, Withdrawals, Net Flow.
• How it works: DefiLlama collects and displays data about assets transferred between blockchains via bridges.
• How to use: View a list of blockchains and detailed information about the volume of assets transferred back and forth, helping you evaluate the effectiveness of bridges in transferring assets between blockchains.

Governance Section

• Introduction: This feature ranks DAOs in the Crypto market based on the number of proposals and proposals passed.
• How it works: DefiLlama collects and displays data about governance activities in DAOs, giving you insight into the growth and performance of these DAOs.
• How to use: View a list of DAOs and detailed information about the number of proposals and approved proposals, helping you evaluate the effectiveness of governance activities in DAOs.

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Liquidation Section

• Introduction: This feature shows the total amount of liquidated assets on the largest Lending & Borrowing platforms of the DeFi market.
• How it works: DefiLlama collects and displays data on liquidated assets, giving you a better understanding of risks and opportunities in Lending & Borrowing activities.
• How to use: View a list of Lending & Borrowing platforms and detailed information on liquidated assets, helping you assess the risks and opportunities in these activities.

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Volumes

Overview

• Introduction: This feature displays the total trading volume of DEXs in 24h and 7 days, as well as compares the trading volume of DEXs with CEXs.
• How it works: DefiLlama collects and displays data on DEX trading volumes, giving you a better understanding of how DEXs operate and perform.
• How to use: View a list of DEXs and detailed information on trading volume, helping you evaluate the effectiveness of DEXs in the DeFi market

Chains

• Introduction: This feature ranks the trading volume on DEX of all blockchains in the DeFi market.
• How it works: DefiLlama collects and displays data on transaction volumes on blockchains, giving you a better understanding of how blockchains operate and how efficiently they provide DEX trading.
• How to use: View a list of blockchains and detailed information about trading volume on DEX, helping you evaluate the effectiveness of blockchains in providing DEX trading.

Derivatives

• Introduction: This feature counts the trading volume of derivatives protocols in the DeFi market and divides the dominance of these protocols.
• How it works: DefiLlama collects and displays data on the trading volume of derivatives protocols, giving you a better understanding of how these protocols operate and perform.
• How to use: View a list of derivatives protocols and detailed trading volume information, helping you evaluate the performance of derivatives protocols in the DeFi market.

Options

• Introduction: This feature counts the trading volume of options protocols in the DeFi market and divides the dominance of these protocols.
• How it works: DefiLlama collects and displays data on the trading volume of options protocols, giving you a better understanding of how these protocols work and perform.
• How to use: View a list of options protocols and detailed trading volume information, helping you evaluate the performance of options protocols in the DeFi market.

Fees/Revenue Section

• Introduction: This feature ranks DeFi protocols and blockchains based on the transaction fees users pay and the revenue of the protocols.
• How it works: DefiLlama collects and displays data on transaction fees and revenues of DeFi protocols and blockchains, giving you a better understanding of the performance and economic value of these protocols.
• How to use: View a list of DeFi protocols and blockchains, along with detailed information on transaction fees and revenue, to help you evaluate the performance and economic value of these protocols.

Subject Raises

Overview

• Introduction: This feature displays the total number of fundraising rounds and total fundraising amount of the entire market, helping you grasp the fundraising activities in the DeFi market.
• How it works: DefiLlama collects and displays data on funding rounds and funding amounts of projects in the DeFi market.
• How to use: View a list of funding rounds and detailed information about funding amounts, helping you evaluate funding activities and development potential of projects.

Active Investors

• Introduction: This feature lists investment funds and their activity over the past 30 days.
• How it works: DefiLlama collects and displays data about investment funds, helping you better understand their performance and investment strategies.
• How to use: View a list of investment funds and detailed information about their performance, helping you evaluate the investment strategies and performance of these funds.

Stables Section

Overview

• Introduction: This feature shows total stablecoins capitalization, USDT dominance and % off peg.
• How it works: DefiLlama collects and displays data about stablecoins, giving you a better understanding of the size and popularity of stablecoins in the DeFi market.
• How to use: View a list of stablecoins and detailed information on capitalization, dominance and % off peg, helping you evaluate the stability and value of stablecoins.

Chains

• Introduction: This feature ranks blockchains based on the number of stablecoins on them.
• How it works: DefiLlama collects and displays data on the number of stablecoins on blockchains, giving you a better understanding of the distribution and size of stablecoins on blockchains.
• How to use: View a list of blockchains and detailed information about the number of stablecoins, helping you evaluate the stability and value of stablecoins on blockchains.

Hacks Topics

• Introduction: This feature displays information about the most recent hacks in the DeFi market.
• How it works: DefiLlama collects and displays data about hacks, giving you a better understanding of risk and security in the DeFi market.
• How to use: View a list of hacks and detailed information about the number of hacked assets, helping you assess risks and enhance the security of your operations.

ETH Liquid Staking Topics

• Introduction: This feature displays an overview of the ETH Liquid Staking market, including the amount of ETH locked, TVL, and market share of LSD protocols.
• How it works: DefiLlama collects and displays data on ETH Liquid Staking, giving you a better understanding of the scale and efficiency of these protocols.
• How to use: View a list of ETH Liquid Staking protocols and detailed information on ETH locked, TVL, and market share, helping you evaluate the efficiency and potential of these protocols.

Crypto ETFs Section

This is a new topic added after BTC ETF was officially traded, the main purpose of this topic will help everyone see the inflow, outflow, volume value of BTC ETFs currently on the market to conveniently follow the cash flow from here. Currently there are only BTC ETFs and in the future there will be more ETH ETFs and SOL ETFs

=> Read more: Will Bitcoin ETF Spot be the “key” to Uptrend?

DefiLIama Swap Topic

This is a new function of DefiLIama that has the same function as a DEX on the exchange, currently only in beta testing phase, with some pretty cool utilities as follows:

• Get the best prices from 8 different aggregator platforms, including 1inch, Matcha, Paraswap, Cowswap…
• Gas quotes and costs are independently checked by us
• Private mode to avoid leaking your IP address
• Approval Control
• Support for over 22 blockchains

Benefits of using DefiLlama

• Insightful Analytics: Provides detailed data to help users make smart investment decisions.
• Save time: Synthesize information from multiple sources, helping users avoid manual searching.
• Continuously updated: Data is updated in real time, ensuring information is always up to date.
• Feature-rich: Supports a wide range of analytics tools, from DeFi, NFTs to stablecoins and more.

Conclude

DefiLlama is a powerful and comprehensive tool for anyone interested in the DeFi market. With a user-friendly interface, accurate data, and constant updates, the platform makes it easy for users to track and analyze decentralized finance protocols. Whether you are a new investor or an expert, DefiLlama provides the tools needed to make informed decisions in the volatile world of DeFi.