In our assessment of DeFi tools, DeFiLlama could well top the list. Indeed, it is the most extensive DeFi dashboard available, gathering and analysing information from hundreds of blockchains and thousands of applications. The aim of this article is to explain the advantages of DeFiLlama and to guide you through its optimal use. Once you've read it, the world of cryptocurrencies will no longer hold any mysteries for you!
DeFiLlama is a cryptocurrency tracking tool that offers the ability to track and analyse data from over 200 blockchains and thousands of decentralised finance platforms (DeFi), as well as some centralised platforms, with real-time updates. The site provides access to hundreds of key data points, including total locked value (TVL), number of users, exchange volumes, rates of return, fees and revenues generated by protocols, token usage, funding, security incidents, smart contract programming languages, among other detailed information available in this article.
With its variety of options and ergonomic interface, DeFiLlama makes it easy to compare different DeFi projects. Users can filter information according to various criteria such as category or blockchain, making it easy to quickly identify the best opportunities, current trends and dynamics of the DeFi market. DeFiLlama's appeal lies in the fact that its data is free and open source, much to the delight of its community of users.
DeFiLlama is designed to meet the needs of all DeFi investors, from beginners wishing to carry out a simple trade to advanced users wishing to conduct complex on-chain analyses. Despite the vast amount of information available, the platform remains easy to navigate. Its user interface is intuitive, making the data easy to grasp and understand. Navigation is via tabs on the right-hand side of the screen (1). After selecting a category of interest, it is possible to choose sub-categories by clicking on buttons that turn blue when selected (2). The user also has a number of options that can be adjusted via drop-down menus located at different points on the platform (3).
As far as the graphs are concerned, you are free to select the data you wish to view. The data can be juxtaposed or displayed separately. The selection method is based on the use of buttons on a blue background (4), allowing you to choose between superimposing data or displaying it individually. To access the precise values (5) at a given moment, move the cursor (6) with your mouse. To adjust the time scale, use the mouse wheel and the drag function (7).
You can select the data you want to see (8). If it's difficult to display all the data on your screen, use the "left" and "right" keys on your keyboard to navigate around the table.
You can also arrange the information in ascending or descending order for the columns indicated by a double arrow (9). The appearance of an arrow on a line (10) indicates that the line includes several sub-groups.
It is difficult to draw up an exhaustive inventory of the information available on DeFiLlama, due to its abundance. However, it can be divided into several categories:
The DEX aggregator
Launched in January 2023, the 'Meta DEX Aggregator' has rapidly gained in popularity. Recently renamed "Llamaswap", this tool analyses information from various decentralised exchange platform comparators to provide the best swap options available. It now supports 23 blockchains and is completely free. To use it, simply select a blockchain and the tokens you want to swap. The tool then displays all the platforms available to carry out the swap, sorting them by price. Once the preferred offer has been chosen, the transaction can be finalised with a digital wallet, such as Metamask.
If you're looking for airdrops, Llamaswap is perfectly suited to your needs. Your transactions will be processed in the same way as if they were carried out directly on the original platforms.
Similar to Llamaswap, this loan protocol aggregator examines the options available on all the platforms on the market. By specifying the token you wish to borrow and the one you plan to use as collateral, DeFiLlama presents the platforms offering this possibility, organised according to cost.
The screenshot shows the basic version. An advanced version, offering more modifiable parameters, is also available.
DeFiLlama is an indispensable tool for DeFi enthusiasts. It's intuitive to use, free and comprehensive, making it a must-have. Aspiring to position itself as the reference point for the DeFi space, it is constantly enhancing its offering by integrating more protocols, blockchains and new functions. If you can't find what you're looking for at the moment, there's a good chance that will change in the near future. The other products developed by Llama Corp also deserve your attention. They offer, for example, the possibility of using their nodes to configure your portfolio's RPCs or adding their browser extension to facilitate your exploration of DeFi.
